On January 1, Year 1, Florist Gump, Inc., bought machinery at a cost of $5,000 with a salvage value of $400 and useful life of 5 years. Calculate Depreciation Expense on the income statement for December 31, Year 2, assuming the straight-line method is used.

Round to the nearest dollar and do not use $ or negative signs in your answer.

=_______

French Confection, Inc., bought machinery at a cost of $50,000 at the beginning of Year 1. If its salvage value is $5,000 and its useful life is 10 years, what will the Depreciation Expense be for the second year if the straight-line method is used?

Round to the nearest dollar and do not use $ or negative signs in your answer.

=________

Lawn & Order, Inc., purchased a truck on January 1, Year 1, at a cost of $102,000. The truck has an estimated useful life of 5 years or 103,000 miles. The estimated salvage value is $26,000. In Year 1, the truck was driven 16,000 miles. In Year 2, the truck was driven 28,000 miles. Accumulated Depreciation on the balance sheet using straight-line depreciation at December 31, Year 2, after two years of use, is (rounded to the nearest dollar) =________

Whittle,Inc.,purchased the timber rights for$8,000,000at the beginning of Year1.It is expected to produce a total of5,000,000cords of wood over4years,after which it will be sold for$3,000,000.In Year1,itcut410,000cords of wood.How much Depletion Expense should be recorded in Year1using the activity method?

=________