8. Winnick Company owns a building purchased January 1 ", 2012 at a cost of $500,000 Depreciation 51000 is recorded at the end of every December including 2017(six years total). The building was sold for $600,000 on July 1", 2018. Winnick should record a gain of a) 5160,000 oa,ou oo, o $165,000 c) $170,000 d) $175,000 9. Which asset is never depreciated? a) land b) building c) equipment d) all long-term assets are depreciated 10. Cpex Company purchased a machine with a cost of $20,000 and an estimated salvage value of $1,000. The machine has an estimated useful life of 190,000 hours. Calculate the depreciation expense based on the actual usage of 30,000 hours a) $3,000 b) $300 c) $3,800 d) $800 11. On April 1,2018 Cpex Company purchased a machine with a cost of $20,000 and an estimated salvage value of $1,000. The machine has an estimated useful life of 10 yeari. Calculate the depreciation expense for December 31st,2018 using the straight-line method a) $475 b) $1,425 c) $1,900 d) $2,000 Ob 3 12. On April 1,2018 Cpex Company purchased a machine with a cost of $20,000 and an estimated salvage value of $1,000. The machine has an estimated useful life of 10 years. Calculate the depreciation expense for December 31, 2018 using the sum-of-the-years-digits method. a) $3,455 b) $2,591 c) $3,636 d) $2,727 lo (104 13. On April 1, 2018 Cpex Company purchased a machine with a cost of $20,000 and an estimated salvage value of $1,000. The machine has an estimated useful life of 10 years. Calculate the depreciation expense for December 31, 2018 using the double-declining-balance method a) $4,000 b) $3,800 c) $3,000 d) $2,850