need help plz with accounting for these questions

Compare Amazon.com to Netflix Amazon.com, Inc. (AMZN) is the world's leading Internet retailer of merchandise and media. Amazon also designs and sells electronic products, such as e-readers. Netflix, Inc. (NFLX) is one of the world's leading Internet television networks. Both companies compete in the digital media and streaming space. However, Netflix is more narrowly focused in the digital streaming business than is Amazon. Sales and average book value of fixed assets information (in millions) are provided for Amazon and Netflix for a recent year as follows: a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. Amazon Netflix b. Which company is more efficient in generating sales from fixed assets? c. How would you explain the difference in the fixed assets turnover of both the companies? Book Value of Fixed Assets Cannington Inc. designs, manufactures, and markets personal computers and related software. Cannington also manufactures and distributes music players (cPod), mobile phones (cPhone), and smartwatches (Cannington Watch) along with related accessories and services, including online distribution of third-party music, videos, and applications. The following information was taken from a recent annual report of Cannington: Property, Plant, and Equipment (in millions): a. Compute the book value of the fixed assets for the current year and the preceding year. A comparison of the book values of the current and preceding years indicates that they . A comparison of the total cost and accumulated depreciation reveals that Cannington purchased $ million of additional fixed assets, which was offset by the additional depreciation expense of $ milion taken during the current year. b. Would you normally expect Cannington's book value of fixed assets to increase or decrease during the year? Amortization Entries Kleen Company acquired patent rights on January 10 of Year 1 for $408,000. The patent has a useful life equal to its legal life of eight years. On January 7 of Year 4 , Kleen successfully defended the patent in a lawsuit at a cost of $20,500. If required, round your answer to the nearest dollar. a. Determine the patent amortization expense for the Year 4 ended December 31 . $ Feedback v Chock My Work For intangible assets with finite lives, a company uses the straight-line method to calculate amortization. If a company successfully defends a patent it becomes part of the cost of the patent. If the company loses a lawsuit regarding a patent infringement, then the patent is written off. b. Journalize the adjusting entry on December 31 of Year 4 to recognize the amortization. If an amount box does not require an entry, leave it blank. Depletion Entries Alaska Mining Co. acquired mineral rights for $13,302,000. The mineral deposit is estimated at 73,900,000 tons. During the current year, 11,100,000 tons were mined and sold. a. Determine the amount of depletion expense for the current year. Round the depletion rate to two decimal places. Feedback T Check My Wark Similar to the units-of-production method to depreciate a fixed asset, the depletion rate that is calculated stays constant no matter how much of the natural resource is extracted. b. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $309,100 has an estimated useful life of 8 years and an estimated residual value of $40,300. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? b. What was the book value of the equipment on January 1 of Year 4 ? Feedback Asset cost minus residual value equals depreciable cost. Asset cost minus accumulated depreciation equals book value. The Accumulated Depreciation account is a permanent account and therefore the balance in the account grows each year of the asset's life. c. Assuming that the equipment was sold on January 3 of Year 4 for $197,900, journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Feedback worow in aton Compare the book value amount to the sale price. If the book value is less than the sale price, the asset was sold for a gain. If the book value is more than the sale price, the equipment was sold for a loss. d. Assuming that the equipment had been sold on January 3 of Year 4 for $212,500 instead of $197,900, joumalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $121,700 has an estimated useful life of 14 years, has an estimated residual value of $9,000, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? $ Foedback rowa wi wak Book value is the initial cost of the fixed asset minus the accumulated depreciation. b. Assume that the equipment was sold on April 1 of the fifth year for $80,747. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Round your answers to the nearest whole dollar if required. Feedback T Chuck Mty Work The depreciation account of the fixed asset being sold or discarded needs to be updated to reflect the months of use in the year it is being discarded or sold. The straight-line method of depreciation calculates the amount of depreciation to be recognized each year. 2. Journalize the entry to record the sale of the equipment. If an amount box does not require an entry, leave it blank. Do not round intermediate calculations. Capital Expenditure and Depreciation Willow Creek Company purchased and installed carpet in its new general offices on April 30 for a total cost of $18,000. The carpet is estimated to have a 15-year useful life and no residual value. a. Prepare the journal entry necessary for recording the purchase of the new carpet. If an amount box does not require an entry, leave it blank. Apr. 30 Feedback F Check My Work Is this purchase improving or extending the life of the asset? Or is this purchase something that will only benefit this period? b. Record the December 31 adjusting entry for the partial-year depreciation expense for the carpet, assuming that Willow Creek uses the straight-line method. Do not round intermediate calculations. If an amount box does not require an entry, leave it blank. Dec. 31 Capital Expenditures and Revenue Expenditures Quality Move Company made the following expenditures on one its delivery trucks: Mar. 20. Replaced the transmission at a cost of $3,580. June 11. Paid $1,875 for installation of a hydraulic lift. Nov. 30. Paid $80 to change the oil and air filter. Prepare the journal entries for each expenditure. If an amount box does not require an entry