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Can anybody help me with these questions? These are practices but I'm not too sure with these ones because they're a little tricky. Thanks! Mohr

Can anybody help me with these questions? These are practices but I'm not too sure with these ones because they're a little tricky. Thanks!

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Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice 0 $4,000. O $8,000. $12,000. $20,000. 0 0 $16,000. 0 Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straightline method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. Depreciation expense in year 2 is: Multiple Choice 0 $4,800. 0 $4,000. $9,600. $20,000. .00 $0. Victory Company purchases office equipment at the beginning of the year at a cost of $15,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 7 years with a $1,000 salvage value. The journal entry to record the first year's depreciation is: Multiple Choice 0 Debit Depreciation Expense $2,143, credit Accumulated Depreciation $2,143 Debit Depreciation Expense $2,000, credit Office Equipment $2,000, Debit Office Equipment $2,000, credit Accumulated Depreciation $2,000. Debit Accumulated Depreciation $2,143; credit Ofce Equipment $2,143. 0000 Debit Depreciation Expense $2,000, credit Accumulated Depreciation $2,000. Which of the following is an example of an extraordinary repair? Multiple Choice O New tires for a truck. O Replacement of all florescent light tubes in an office. O Carpet cleaning and repair. O Replacing the roof on a manufacturing warehouse. O Routine machine maintenance

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