Martin Company purchased equipment on June 3, Year 1, for $100,000. The residual value is zero and the estimated life is 10 years or 42,550 hours. Compute depreciation expense for the year ending December 31, Year 1, if the company uses the units-of-production method of depreciation and uses the equipment for 8,600 hours Select one O a $3,210 O b. $5,628 OC $11,628 Od $20,210 Oe None of these choices. Martin Company traded machinery with a book value of $475,000 and a fair value of $450,000, it received in exchange from Hamilton Company a machine with a fair value of $500,000. Martin also paid cash of $50,000 in the exchange. Hamilton's machine has a book value of $475,000 What amount of gain or loss should Martin recognize on the exchange (assuming lack of commercial substance)? 13 suon Select one. O a $50,000 gain ob 5.0- OC $2,500 loss Od $25,000 loss 29 Martin Corporation owns machinery with a book value of $285.000. It is estimated that the machinery will generate future cash flows of $300,000. The machinery has a fair value of $210,000. Martin should recognize a loss on impairment of to Select one a 5-0- Ob $15.000 OC $75.000