On July 1.2025. Ivanhoe Corporation acquired Oriole Company for $936,000cash. At the time of purchase, Oriole's balance sheet showed assets of $806,000 and liabilities of $260,000. The fair value of Oriole's assets is estimated to be $988,000. (a) Compute the amount of goodwill acquired by lvanhoe. Amount of goodwill A machine that cost $1,004,000 was purchased on April 1,2025. Its estimated salvage value is $100,400 and its expected useful life is eight years. (a1) Calculate the depreciation expense by straight-line for 2025. (Round answer to 0 decimal places, es. 5,275) Depreciation expense $ Bluc Co. had a sheet metal cutter that cost $107,000 on January 5,2021. This old cutter had an estimated life of ten years and a salvage value of $18,000. On April 3, 2026, the old cutter is exchanged for a new cutter with a fair value of $60,000. The exchange lacked commercial substance. Blue also received $15,000cash. Assume that the last fiscal period ended on December 31.2025 , and that straight-line depreciation is used. Sunland, Inc, purchased equipment in 2024 for $887000. Two years later it became apparent to Sunland that this equipment had suffered an impairment of value. In early 2026 , the book value of the asset is $586000 and it is estimated that the fair value is now only $359000. The entry to record the loss on impairment is Loss on impairment Accumulated Depreciation-Equipment Retained Earnings Accumulated Depreciation-Equipment 227000 227000 227000 227000 No entry is necessary as a write-off violates the historical cost principle. Retained Earnings 227000 Reserve for Loss on impairment 227000 Concord Resources Company acquired a tract of land containing an extractable natural resource. Concord is required by its purchase contract to restore the land to a condition suitable for recreational use atter it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2400000 tons and that the fand will have a value of $980000 after restoration. Relevant cost information follows: If Concord maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? $309 $3.33 5374 $2.68