Corcoran Corporation acquvud machinery & equipment on January 1, 2010. The company Dald 542.000 for the machineryegument.inddtion the comprad 54.000 shipping and 54,000 assemblay The company accounting manager estimates the machinery equipment to have a five years and a residual value of $5,000 Question 1 On January 1, 2018. how much should Corcoran Corporation record for the cost of the machinery equipment? $50.000 Question 2 Using the straight line method what would be the youny depreciation for the machinery & equipment for 2018 through 2012 Question Using the units of production method, compute depreciation for the years 2018 through 2022 The machinery equipment is expected to run for 20 000 hours is five year 5000 hours in 2011 500 hours in 2019 2000 hours in 2020, 3000 hours in 2021 and 5.500 hours in 2022 2.2019 1. 2018 3 2020 5 2022 4 2021 Question 4 On December 11, 2022, the company sold the machinery & equipment for 57.000 Cash Compute the pain on sale using the precation mathod stion 28 16 points Corcoran Corporation acquired machinery & equipment on January 1, 2018 The company bad 62.000 for the machinery & pent in addition the company pad 54.000 for shipping and 54000 assomboy The company accounting manager estimate the machinery & equipment to have a five years and siste o 55.000 Question 11 On January 1 2018, how much should Corcoran Corporation record for the cost of the machinery quipment $60,000 Question Using the straight line method, what would be the yearly depreciation for the machinery & equipment for 2018 theough 2022? Question Uing the units of production method. compote depreciation for the years 2018 through 2022. The machinery & Quimion is expected to run for 20.000 hours in five years hours in 2016, 4600 hours in 2019, 2000 hours in 2020. 3.000 hours in 2021 and 5.500 hours in 2022 1 2010 2/2019 32020 42021 5.2022 Question 4 On December 31, 2032 the company told the machinery & equipment for 57.000 cash compute the canonse von Straight line donation method