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need help with problems 9-1b and 9-2b Chapter 9 Problems: Set B P9-18 Russo Company organized on January 1. During the first year of Determine

need help with problems 9-1b and 9-2b
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Chapter 9 Problems: Set B P9-18 Russo Company organized on January 1. During the first year of Determine acquisition operations, the following plant asset expenditures and receipts were recorded in costs of land and random order building Debit Accrued real estate taxes paid at time of purchase of real estate 2. Real estate taxes on land paid for the current year 3. Full payment to building contractor 4. Excavation costs for new building 5. Cost of real estate purchased as a plant site (land $75,000 and 1. 5,000 7,500 490,000 19,000 building $25,000) 6. Cost of parking lots and driveways 7. Architect's fees on building plans 8. Installation cost of fences around property 9. Cost of demolishing building to make land suitable for construction of 100,000 18,000 9,000 6,000 new building S 681.500 Credit S 3.500 10. Proceeds from salvage of demolished building Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item column, and then insert the amounts in the other appropriate columns. For amounts entered in the Other Accounts column, also indicate the account title. Land $128,500 Building $518,000 Land Building Item 9-2B In recent years, Darnell Company purchased three machines. Because of Corpuledereain heavy turnover in the accounting department, a different accountant was in charge of under different methods selecting the depreciation method for each machine, and each selected a different LO 2 method. Information conceming the machines is summarized below Salvage Useful Life Depreciation Machine AcquiredCostValue in Years 1/1/14 $105,000 $ 5,000 1/1/15 180,000 10,000 11/1/17 125,000 15,000 Method 10 Straight-line Declining-balance Units-of-activity For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total machine hours are expected to be 25,000. Actual hours of use in the first 3 years were 2017, 2,000; 2018, 4,500, and 2019, 5,500 Instructions (a) Compute the amount of accumulated depreciation on each machine at (a) Machine 2, 2017 $104,063 December 31, 2017 (b) If Machine 2 had been purchased on May 1 instead of January 1, what would be the depreciation expense for this machine in (1) 2016 and (2) 2017

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