AaBbCcDdE AaBbCcD AaBbCeDdE AaBbCel x, X , Emphasis Heading 1 Normal Strong 4. A company entered into the following transaction concerning its computer system: On January 1, 2010 purchased a computer system that cost $280,000. The estimated useful life of the computer is 3 years and salvage value is $40,000. Calculate the FIRST YEAR depreciation using (1) St. Line and (2) Double Declining Balance. 5. Heidel Co. paid $750,000 cash to buy the plant assets of Rogers Co. that went out of business. An independent appraiser assigned the following values to the assets acquired: Land $200,000... Building $325,000Equipment $20,000 Use the appraisal date to allocate the Purchase Price into the accounts (Land, Building and Equipment) 6. On April 1, 2010 a company discarded a machine that had cost $20,000 and had accumulated depreciation of $16,000 as of December 31, 2009. The asset had a 5-year life and $0 salvage value. Determine the dollar amount and indicate gain or loss on this disposition assuming the Company received a cash payment of $5,000. Keep in mind partial year depreciation. 7. Ace signs a 90 day 8% note for $16,000 on September 1 . How much interest would be due on November 30