Mohr Company purchases a machine at the beginning of the year at a cost of $33,000. The machine is depreciated using the double- declining-balance method. The machine's useful life is estimated to be 5 years with a $6,000 salvage value. The machine's book value at the end of year 2 is: Multiple Choice $16,200. O $10,200. $13,200. $19,800. $11,880. Cox, North, and Lee form a partnership. Cox contributes $207,000, North contributes $172,500, and Lee contributes $310,500. Their partnership agreement calls for a 5% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $205,500 for its first year, what amount of income is credited to North's capital account? $57,000. $65,625 O $72,525 $67,350. O O $68,500 Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership's capital balances are Caitlin, $134,000; Chris, $94,000; and Molly, $114,000. Paul is admitted to the partnership on July 1 with a 20% equity and invests $74,000. The balance in Caitlin's capital account immediately after Paul's admission is: Multiple Choice O $131,240 O $74,000 $83,200 $134,000 $136,760