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Graded HW Problem-Ch9 NOTE There are 5 questions to the homework set, make sure you scrown complete parts before submit bu's Machine Tool purchased a new piece of equipment on July 1, 2016. The Company pod $750,000 for the equipment, and also paid $20,000 to Speedy Freight for delivery of the equipment to its facity Once the press anved, DJs incurred expenditures of $18,000 for installation The company also prepaid for the first two years of preventive maintenance service at a cost of $2,200 Du's expects that the press has a useful le of 10 years and will be on a total of 28,000 hours over inaltimeam Thement has an estimated calvage value of $30,000 Reminder-show your work for partial credit Round answers to nearest cent. 10.1. What amount should the company capitalize for this equipment at July 1, 20187 11 12 14 15 16 172. the company uses the straightline method to depreciate the press, complete the following chart for the first two years of usage of the equipment 10 Depreciation Expenses Year show formula Depreciation Expense Accumulated Depreciation 20 2018 21 2019 23. What is the Net Book Value of the machine at the end of December 2017 And the Unite of Method to record depreciation what would be recorded in for the went wat nan for 1.000 hestan Os and the Units-of-Activity Method to record depreciation, what would be recordedos depreciation expense for 2018 ir there was no 20 hours anns -29