i need all of these answered please

1. The straight-line and accelerated depreciation methods differ significantly in the amount and timing of depreciation expense recognized and reported each year. Required: a. What is the difference between the two methods ( 2 points) AND b. Discuss the factors that should be considered when choosing between the straight-line and accelerated depreciation methods ( 2 points). 2. The Jimmy Company acquired a competitor company in Year 1. When Jimmy's accountant recoilded the purchase, she correctly recorded an amount for goodwill based on the expectation of the acquired company's earning a rate of retum on its assets that was in excess of the industry's rate of return. In fact, the acquired company doubled the expected rate of return in Year 2 and Year 3 . As a result of these increased earnings, in early Year 4 the president of the Jimmy Company asked the company's accountant to increase the amount recognized as goodwill. Required: a. Define the term "goodwill " In addition, discuss several possible factors that might contribute to a company having goodwill. (2 points) b. Discuss the accounting treatment under current GAAP for goodwill that is acquired through an external transaction ( 2 points). c. Discuss the appropriateness of the president's request to increase the recorded amount of goodwill (2 points) Bonus Questions: Answer the following questions and clearly label and show work. 1. Tree Company exchanged a machine for some land The machine had cost $18,000. was 70% depreciated, and could be sold for $4,500. Tree paid $950 in addition to giving up the machine. Required a. Compute the amount at which the land should be recorded ( 3 points) b. Assume, instead, that Tree exchanged the machine for a new, more efficient machine with a fair value of 4,700 , while still paying $950 as belore. Compute the amount at which the new machine should be recorded ( 2 points)