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need help pls with accounting on these questions Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying

need help pls with accounting on these questions
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Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $45,000 in cash and giving a short-term note for $269,000. Legal fees paid were $1,785, delinquent taxes assumed were $12,500, and fees paid to remove an old building from the land were $20,900. Materials salvaged from the demolition of the building were sold for $4,700. A contractor was paid $954,600 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet. Straight-Line Depreciation Rates Convert each of the following estimates of useful life to a straight-line depreciation rate, stated as a percentage, assuming that the residual value of the fixed asset is to be ignored: (a) 4 years, (b) 8 years, (c) 10 years, (d) 16 years, (e) 25 years, (f) 40 years, (g) 50 years. If required, round your answers to two decimal places. Straight-Line Depreciation A refrigerator used by a wholesale warehouse has a cost of $60,300, an estimate residual value of $5,400, and an estimated useful life of 6 years. What is the amount of the annual depreciation computed by the straight-line method? Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $190,060 and an estimated residual value of $3,400 is expected to have a useful operating life of 61,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places. Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $423,500 and the balance in Accumulated Depreciation-Trucks is $123,600. Details of the subsidiary ledger are as follows: a. Determine for each truck the depreciation rate per mile and the amount to be credited to the accumulated depreciation section of each subsidiary account for the miles operated during the current year. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. Round the rate per mile to two decimal places. Enter all values as positive amounts. Feedback t check My Work Asset minus residual value equals depreciable cost. Units-of-production allocates the cost of the asset equally over the units produced. The depreciation rate stays constant, no matter how many miles are driven each period. Keep in mind that the depreciation taken cannot reduce the book value of the truck below its residual value. b. Journalize the entry to record depreciation for the year. Depreciation by Two Methods A Kubota tractor acquired on January 8 at a cost of $234,000 has an estimated useful life of 10 years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. b. Determine the depreciation for each of the first two years by the double-decliningbalance method. Do not round the double-declining balance rate. If required, round your final answers to the nearest dollar. Depreciation by Two Methods A storage tank acquired at the beginning of the fiscal year at a cost of $82,800 has an estimated residual value of $4,800 and an estimated useful life of 4 years. a. Determine the amount of annual depreciation by the straight-line method. $ b. Determine the amount of depreciation for the first and second years computed by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your answers to the nearest dollar. Partial-Year Depreciation Equipment acquired at a cost of $90,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31. If necessary, round your answers to the nearest cent. a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method

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