Just give me the answer

A company purchased property for $300,000. The property included an acre of land valued at $50,000, a building valued at $150,000, and equipment valued at $125,000. This transaction may be referred to as a

market value purchase.

long-lived asset purchase.

property purchase.

basket purchase.

A long-lived asset cost $24,000 and is estimated to have a $3,000 residual value at the end of its 8-year useful life. The annual amortization expense recorded for the third year using the double declining-balance method would be

$2,010.

$3,375.

$2,953.

$2,297.

Daisy Company purchased a new van for floral deliveries on July 1, 2018. The van cost $20,000 with an estimated life of 5 years and $5,000 residual value at the end of its useful life. The double declining-balance method of amortization will be used. What is the amortization expense for 2018?

$4,000.

$3,000.

Which of the following statements is not true when a fully amortized long-lived asset is retired? *

1 point

The long-lived asset's net book value is equal to its estimated residual value.

The accumulated amortization account is debited.

The asset account is credited.

The long-lived asset's original cost equals its net book value.

$6,000.

$8,000.