Aspen Construction made a basket purchase of three items. Item X was appraised at $38,000; item Y was appraised at $60,000 and item Z was appraised at $65,000. The purchase price was $126,000. The amount at which item Y should be recorded is: Select one: A. ($60,000/$103,000)$163,000 B. ($60,000/$163,000)$126,000. C. ($60,000/$126,000)$163,000 D. ($60,000/$103,000)$126,000. Golden Miners purchased a mine in 2013 for $960,000. It was estimated that the mine contained 3,000,000 tonnes of ore, and would be totally worthless once all ore was extracted. Golden Miners extracted 250,000 tonnes in 2013 and 300,000 tonnes in 2014. Referring to Table 10-4, amortization expense for 2014 would equal: Select one: A. $250,000. B. $80,000. C. $300,000. D. $96,000. On January 1,2013 , Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014 Refer to Table 10-8. What is the straight-line amortization expense for 2014 if Zane Manufacturing changes the estimate of useful life from 6 years to 8 years at the beginning of 2014 ? Select one: A. $4,286 B. $4,857 C. $4,500 D. $5,142 A revision of an estimate that extends the asset's useful life: Select one: A. decreases amortization expense per year for the remaining years of the asset's life. B. requires restatement of prior years financial statements. C. increases amortization expense per year for the remaining years of the asset's life D. Is ignored until the last year of the asset's life