Good Co. gives all employees 12 days of paid vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year and will be paid at the compensation rate that is current at the time the vacation is taken. Good Co. has 100 employees who were all employed continuously throughout 20A1 and 20A2. The wage was $128 per day in 20A1 and $160 per day in 20A2. The employees took an average of 9 days of vacation each in 20A2. Assuming there was no carryover vacation liability from 20A0, what amount of vacation liability should be reported on the December 31, 20A1 and 20A2 balance sheets, respectively?

Group of answer choices

$115,200; $230,400

$115,200; $192,000

$153,600; $240,000

$153,600; $230,400

On April 1, 20A1, the company purchased a $40,000 machine with an estimated salvage value of $4,000 and an estimated useful life of eight years. The company's accounting year ends on December 31 and it records depreciation to the nearest whole month. Using the double-declining-balance depreciation method, what is depreciation expense for the year 20A2 (second year) and accumulated depreciation at 12/31/20A2?

Group of answer choices

Depreciation Expense: $7,312; Accumulated Depreciation: $14,062

Depreciation Expense: $7,500; Accumulated Depreciation: $17,500

Depreciation Expense: $8,125; Accumulated Depreciation: $15,625

Depreciation Expense: $9,000; Accumulated Depreciation: $18,000

On May 1, 2007, Royster Company began construction of a building. Expenditures of $120,000 were incurred monthly beginning on May 1. The Building was completed and ready for occupancy on September 1, 2007. For the purpose of determining the amount of interest cost to be capitalized, the average accumulated expenditures on the building during 2007 were

Group of answer choices

$ 100,000.

$ 120,000.

$ 480,000.

$ 260,000.