nun-u- \"up"-.. \"on... -1... .q - . .uu... 13w":Ir Solo lCountry Club purchased a new computer system on October I. 2008. at a cost of 590.000. The company estimated that the machine would have a salvage value of 312.000. The system is expected to be used for [0.000 working hours during its five-year life. Instructions Compute the depreciation expense under the following methods for the year indicated: (a) Straight-line for 2008. [b]: Units-of activity for 2003. assuming system usasge was 1.200 hours. tc) Declining-balance using double the straight-line rate for 2008 and 2009. 13-8 Mia Fitness Club was organized on January 1. During the first year of operations. the following plant asset expenditures and receipts were recorded in random order. Debits l. Accrued real estate taxes paid at time of purchase of real estate 3 2.000 2. Real estate taxes on land paid for the current year 3,000 3. Full payment to building contractor frill 4. Excavation costs for new building 25.000 5. Cost of real estate purchased as a plant site (land 5100.000 and building $25000} 125.000 6. Cost of parking lots and driveways 15.000 1'. Architect's fees on building plans 10.000 It. Installation cost of fences around property 4.000 9. Cost of demolishing building to make land suitable for construction of new building 21.000 3805.000 Credit 10. Proceeds from salvage of demolished building $ 2.500 Instructions Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the item space. and insert the amounts in the appropriate columns For amounts in the Other Accounts column. also indicate the account title. Item Land Building Other Accounts