Exercise 9-1A (Algo) Recognizing accrued interest expense LO 9-1 Abardeen Corporation borrowed $79,000 from the bank on October 1, Year 1. The note had an 8 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1? b. What amount of interest expense was recognized on the Year 1 income statement? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) c. What amount of total liabilities was reported on the December 31, Year 1, balance sheet? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) d. What total amount of cash was paid to the bank on March 31, Year 2, for principal and interest? e. What amount of interest expense was reported on the Year 2 income statement? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) a. Amount of cash paid b. Interest expense c. Total liabilities d. Amount of cash paid . Interest exponse ! CS Scanned with CamScanner Problem 8-27A (Algo) Effect of straight-line versus double-declining-balance depreciation on the recognition of expense and gains or losses LO 8-2, 8-3, 8-5 Becker Office Service purchased a new computer system in Year 1 for $32,900. It is expected to have a five-year useful life and a $3,100 salvage value. The company expects to use the system more extensively in the early years of its life. Required a. Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation. b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. d. Assume that Becker Office Service sold the computer system at the end of the fourth year for $19,000. Compute the amount of gain or loss using each depreciation method. Complete this question by entering your answers in the tabs below. Required A Required B Required D Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation. Year Depreciation Expense 1 2 3 4 5 Required A Required B > CS Scanned with CamScanner Complete this question by entering your answers in the tabs below. Required A Required B Required D Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balar not round intermediate calculations. Round your final answers to the nearest dollar amount.) Year Depreciation Expense 1 2 3 4 5 CS Scanned with CamScanner Complete this question by entering your answers in the tabs below. Required A Required B Required D Assume that Becker Office Service sold the computer system at the end of the fourth year for $19,000. Compute the of gain or loss using each depreciation method. (Round your answers to the nearest dollar amount.) Straight-line Double-declining-balance