I need help with all 10 of these questions they are all multiple choice

Mohr Company purchases a machine at the beginning of the year at cost of $26.000 The machine is depreciated using the straight-line method The machine's useful Ife is estimated to be 5 years with a $5,000 salvage value. Depreciation expense in year 2 is Mutiple Choice Book $4.200 10,400 so 21,000 5200 in Company traded in an ald ruck for a new one The old truck had a cost of $190,000 and accumuisted depreciation of $95,000 The new truck had an rnvaice price of $198,000 Hulingron was given $91,000 tradein slowance on the od truck which meant they paid $107000 new truck Iif this transaction has commercial substance, what is the recorded value of the new truck? Multiple Chace $198.000 95.000 $190 000 $107000 3 A company sold equipment that originally cost recognize 310,000 for $186,000 cash The accumulated depreciation on the equipment was $124.000 The company should Multiple Choice 00 58h $62000 gan $24000 0s $62.000 ls 0 gain or lo 105,000 g Beckman Enterprises purchased a depreciable asset an October 1 Year 1 et a cost of $168.000 The asset is expected to have a salvsge value of $16.700 at the end of its five-year useful life. M the asset is depreciated on the double-declining-balance method, the asser's book value on December 31 Yeer 2 will be 4 Multiple Choice 0058 13 $49.572 Bock $151.200 36.288 $907 20 33 04 Pesvey Enterprises purchased a depreciable ssset for $29 500 on April 1 Year 1 The asset wll be depreciated using the straight-line method over its four year usefu life Assuming the osser's selvage value is $3,500 whet will be the amount of eccumulared depreclarion on this asset on December 31 Year 3? Mutiple Chaice B bok 56.500 26.000 17 875 21667 $5.43 When originially purchased, a vehicle costing $23.580 had an estimated useful life of 8 years and an estimated salvage value of $1.900. After 4 years of straight line 6 depreciasion the asser's total estimited usefu life was revised from 8 yers to 6 years and there was no change in the estimsted savage value The depreciation expense in year 5 equa's 200 1722 Munidle Chorce 2.878 00 55.588 00 $542000 210 00 $10 84 A company purchased property for $100,000 The property included a bulding, a parking lot. and land The building was appraised at $62000, the land at $45,000, and the parking lot at $18.000 Land should be recorded in the accounting records with an allocated cost of Mutiple Choice 5100.,000 45 000 42000 435 000 A compary discarded a computer system originaly purchased for $8.400. The accumulated depreciation was $6800. The company shauld recognize a (an Multiple Chace 086347 51600 gain $6.800 los 50 gan or lo $1600 lo 35.100 to improve the leosed office space These improvements are Phoenix Agency lesses office space for $6,200 per month On January 3, Phoenix incurs s expected to yield benefins for 5 years Phoenix has 3 years remaining on its lease Compute the amount of expense that should be recorded 9 to the improvements Multige Charce $11700 7020 13 220 17900 $6.200 $13,000 t is estmased thet the machine purchased a weaving machine for $239 800 The machine has a useful Ite of 8 years and a residusl value of 756 000 balts of woven fabric aver its useful Ife. In the first year. 108000 bolts were produced In the second year production incressed to 10 12.000 units Using the units af production methed, what is the smount of deprecianion expense that should be recorded for the second ye Multipie Chorce Bock $33,600 34257 35 526 32 400 $55000