On June 30, 2021, Prego Equipment purchased a precision laser-guided steel punch that has an expected capacity of 303,000 units and no residual value. The cost of the machine was $363,600 and is to be depreciated using the units-of-production method, During the six months of 2021,27,000 units of product were produced. At the beginning of 2022 , engineers estimated that the machine can realistically be used to produce only another 233,000 units. During 2022, 73,000 units were produced. Prego would teport depreciation in 2021 of: Multipie Chatce $32,400 544,248 56,480 58,850 On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30,2022. Expenditures on the project were as follows: Dreamworld had $6,200,000 in 12% bonds outstanding through both years. Dreamworld's capitalized interest in 2021 was: On July 1, 2021, Larkin Ca. purchased a $490,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2021 as follows: What would be the balance in the land account as of December 31,2021? On January 1, 2021, Laramie inc acquired land for $8.8 million. Laramie pald $2.5 in cash and signed a 6% note requiring the company to pay the remaining $63 million plus interest on December 31,2022 . An interest rate of 6% properly reflects the time value of money for this type of loan agreement. For what amount should Laramie record the purchase of land? Multiple Cholice $9.4 million. $6.3 milision. 58.2m milion. 58.8 milition