hwk 9.... need 5,6,7,9 solved

EX 9-5 Capital and revenue expenditures Jackie Fox owns and operates Platinum Transport Co. During the past year, Jackie incurred the following costs related to an 18-wheel truck: OBJ. 1 1. Changed engine oil 2. Installed a television in the sleeping compartment of the truck. 3. Installed a wind deflector on top of the cab to increase fuel mileage 4. Modified the factory-installed turbo charger with a special-order kit designed to add 50 more horsepower to the engine performance. 5. Replaced a headlight that had burned out. 6. Replaced a shock absorber that had worn out. 7. Replaced fog and cab light bulbs. 8. Replaced the hydraulic brake system that had begun to fail during his latest trip through the Rocky Mountains 9. Removed the old CB radio and replaced it with a newer model with a greater range. 10. Replaced the old radar detector with a newer model that is fastened to the truck with a locking device that prevents its removal. Classify each of the costs as a capital expenditure or a revenue expenditure. EX 9-6 Capital and revenue expenditures Quality Move Company made the following expenditures on one of its delivery trucks: OBJ. 1 Mar. 20. Replaced the transmission at a cost of $1,890. June 11 Paid $1,350 for installation of a hydraulic lift. Nov. 30. Paid $55 to change the oil and air filter. Prepare journal entries for each expenditure EX 9-7 Nature of depreciation Tri-City Ironworks Co. reported $44,500,000 for equipment and $29,800,000 for accumu- lated depreciation-equipment on its balance sheet Does this mean (a) that the replacement cost of the equipment is $44,500,000 and (b) that $29,800,000 is set aside in a special fund for the replacement of the equip ment? Explain. OBJ. 2 EX 9-8 Straight-line depreciation rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, () 40 years, (g) 50 years. OBJ. 2 EX 9-9 Straight-line depreciation A refrigerator used by a meat processor has a cost of $48,000, an estimated residual value of $9,000, and an estimated useful life of 15 years. What is the amount of the annual depreciation computed by the straight-line method? OBJ. 2