Need to complete following questions. Make sure to show all the work.

question 1 -On January 1, InComm Incorporated. hadpurchased equipment for USD 570,000 with an additional installation fee of 40,000. The equipment has an estimated usefullife of 10 years and an estimated salvage value of USD 50,000. If InCommIncorporated uses the straight-line depreciation method, what is the annualdepreciation expense? If the purchase was made on April 30, what is the firstyear depreciation expense?

Question 2 -What is an intangible asset? Consider the characteristics. Provide an example ofan intangible asset. How is it treated in accounting?

Question 3 -PandaPossibilities, Inc. issued 40,000 shares of USD 15 par value common stockfor USD 680,000. What is the journal entry for this transaction? What would thejournal entry be if the common stock had no-par or stated value?

Question 4 -PaperShake Company declared the regular quarterly dividend of USD 4.23 pershare. PaperShake Company had issued 11,000 shares and subsequentlyreacquired 3,000 shares as treasury stock. What would be the total amount of thedividend?

Question 5 -What are liquidating dividends?