help with 16, 17, 18

Question 16 1 pts NovTech Company needs your help in determining their net income for 2020 Net income before considering the three items below was 980.. During the year they had ordinary repair and maintenance costs of 58 They had an extraordinary repair made during the year, and the cost was 37 The company had research and development costs of $400. 40% of those costs were related to the successful development of a patent Before considering any patent amortization, or any additional depreciation related to the above items what is the company's net income for the year Question 17 1 pts Macrochip Company acquired Jax Company in 2020...They acquired all of Jax's assets, and assumed all of the abilities of Jax..... Macrochip paid 86. At the time, per the accounting records (known as books) of Jax, they had assets 59, and liabilities - 14.... The fair market value of an assets was 72. The fair market value of their liabilities was equal to 14 How much goodwill should Macrochip record related to this acquistion? Question 18 1 pts Hamilton Company bought some PPE for $40,000 on 1-1-2020..They expected a salvage value of $5.000. The expected useful life was 5 years, so depreciation expense was computed as being $7.000 per year... In 2020 they took 7.000 depreciation...in 2021 they took another $7,000 of depreciation, and in 2022 took another $7.000 of depreciation.... At the start of 2023, they did a review of this item, and concluded that it would probably actually last a total of 10 years (3 already used, and 7 mon years They also now expect the salvage value to be equal to 2,801 What is the new amount of depreciation expense that they should record for each year from 2023-2029