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Required Information [The following information applies to the questions displayed below.] Bridge City Consulting bought a building and the land on which it is located for $182,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $22,000 for building renovations before it was ready for use. 3. Compute straight-line depreciation on the building at the end of one year, assuming an estimated 12-year useful life and a $4.600 estimated residual value. (Do not round Intermediate calculations.) 4. What should be the book value of (a) the land and (b) the building at the end of year 2? S 3. Straight-Line Depreciation 4(a). Land 4b). Building s 8.700 120.000 92.000 S s The following data were included in a recent Apple Incorporated annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 233,715 22,471 2016 $ 215, 640 27,010 2017 $ 229, 230 33,786 2018 $ 265,600 41,300 Required: 1. Compute Apple's fixed asset turnover ratio for 2016, 2017 and 2018. 2. During 2018, Microsoft reported a fixed asset turnover ratio of 3.8. Was Apple's turnover better or worse than Microsoft's in that year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute Apple's fixed asset turnover ratio for 2016, 2017, and 2018. (Do not round intermediate calculations. Round your answers to 1 decimal place.) Year Fixed Asset Turnover Ratio 2016 2017 7.31 10.9 8..72 2018 Required Information [The following information applies to the questions displayed below.] At the beginning of the year. Grillo Industries bought three used machines. The machines immediately were overhauled. were installed, and started operating. Because the machines were different, each was recorded separately in the accounts. Details for Machine A are provided below. Cost of the asset Installation costs Renovation costs prior to use Repairs after production began $9,000 880 680 500 3. Prepare the joumal entry to record year 2 straight-line depreciation expense for Machine A, assuming an estimated life of 4 years and $1,000 residual value. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet