help me please

Then un 143 CAPITAL ASSETS & DEPRECIATION Use the following information to answer the following multiple choice questions ABC Limited purchased land and two pieces of machinery for a lump sum price of $450.000 At the time of porchase appraisal WURE obtained for the assets acquired: Appraised Value 1410117 21 22 24 218 30 35 37 $ $ $ $ 30 38 Land Machine A Machine B Total 350,000 100,000 50,000 500,000 Finisher What will be the capitalized "cost" of each asset when the purchase is recorded O a Land 5350,000, Machine A $50,000, Machine B $100,000 O b. Land $315,000. Machine A $45,000, Machine B $90,000 OC Land $315,000, Machine A $90,000, Machine B $45,000 Od: Land $350,000, Machine A $100,000, Machine B $50,000 . Queste 2 What incentive would there be for management to allocate more towards and candlestowards the and is later sold for less than its cost", larger gain will be recorded which will increase probity b. Land depreciates, so allocating more cost towards and will increase profitability O Land does not depreciate, so allocating more cost towards and will increase profitability Od and is later sold for more than its "cost" a larger gain will be recorded which will increase profitability son 3 The adjusting journal entry needed at December 31" to record depreciation on Machine A would involve the following entry ed out of a DR Machine A CR Accumulated Depreciation OD DR Accumulated Depreciation CR Depreciation Expense OC. DR Depreciation Expense CR Accumulated Depreciation Od DR Depreciation Expense CR Machine A CR Accumulated Depreciation od DR Depreciation Expense CR Machine A Assume Machine A was sold at the end of Year 4 for $50,000 when its net book value was $65,000, How much of a gain or loss will be reflected in the income statement? O a. Gain of $15,000 b. Loss of $65.000 Oc Gain of $50,000 O d. Loss of $15,000 Next page