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HW Problem 9.2-On April 1, Dane Company made a group purchase from a company goimg business. It paid S600,000 for the following items which were

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HW Problem 9.2-On April 1", Dane Company made a group purchase from a company goimg business. It paid S600,000 for the following items which were appraised at the following valu D. C. Havit a. in b. de c. is d. is Building Land Truck Machine Total $440,000 100,000 40,000 220,000 $800,000 a. Record the journal entry for the purchase on April 1. b. Calculate the amount of depreciation on the building for the first and second years assum ng the The c a. ha b. be c. not d. be double-declining balance method, a life of 40 years, and salvage value of S30,000. (Show your calculations.) Calculate the amount of depreciation on the truck for the first and second years assuming an 8 year life, the straight-line method, and a salvage value of $4,000. (Show your calculations.) Calculate the amount of depreciation for the first and second years on the machine assuming the units of production method, a life of 50,000 machine hours, and a salvage value of $10,000. The equipment was used 8,000 machine hours in the first year and 13,000 machine hours in the second year. (Show your calculations.) c. d. Two inc a. a vi b. a vi c. supp . supp

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