Current Attempt in Progress Wildhorse Co. was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1. 2. 3. 4. Expenditures Excavation costs for new building Architect's fees on building plans Full payment to building contractor Cost of real estate purchased as a plant site (land $276,400 and building $28,500) Cost of parking lots and driveways Accrued real estate taxes paid at time of purchase of real estate Installation cost of fences around property Cost of demolishing building to make land suitable for construction of new building Real estate taxes paid for the current year on land 5. $13,370 33,580 683,500 304,900 29,930 2,900 6,330 28,800 6,400 $1,109,710 6. 7. 8. 9. Receipts Proceeds from salvage of demolished building 10. $ 11,600 Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Other Accounts Amounts Account Title Item Land Building Analyze the transactions using the following table column headings. Enter the amounts in the appropriate columns. For amounts in the Other Accounts column, also indicate the account title. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other Accounts Amounts Account Title Item Land Building 1 $ 2 3 4 5 6 7 8 9 10 $ View Policies Current Attempt in Progress Teal Mountain Chemicals Company acquires a delivery truck at a cost of $35,400 on January 1, 2022. The truck is expected to have a salvage value of $3,900 at the end of its 4-year useful life. Compute annual depreciation for the first and second years using the straight-line method. First Year Second Year Annual depreciation under straight-line method $ Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress Sandhill Co. purchased a new machine on October 1, 2022, at a cost of $80,010. The company estimated that the machine has a salvage value of $7,350. The machine is expected to be used for 72,400 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 0 decimal places, e.g. 5,275.) 2022 2023 The depreciation expense under the straight-line method $