Please answer the following questions, Thanks!

Instructions: Complete the requirements specied for each of the following independent situations. A. Everett Company purchased land and a modern ofce building on March 1 for a combined cash price of $600,000. The land had a cost of $350,000 and the building had a net book value of $100,000 on the seller's books. The land and building had fair market values of $390,000 and $210,000, respectively on March 1. Everett made the following entry at acquisition: Land 350,000 Building 400,000 Gain on Purchase 50,000 Accumulated Amortization 100,000 Cash 600,000 Prepare the correct entry for the acquisition. B. Neagle Company bought machinery on January 1, 1999 at a cost of $100,000. The machinery had an estimated life of 10 years and salvage value of $10,000. In December 2001, Neagle estimates that the machinery will have a life of only 5 more years and an $12,000 salvage value. Neagle uses straight-line amortization. Calculate the revised annual amortization. C. Runge Company bought equipment on July 1, 2000 at a cost of $300,000. The equipment has an estimated useful life of 5 years and salvage value of $80,000. Runge uses the double-declining-balance method of amortization. Calculate amortization for 2000 and 2001. D McDermid Construction sold a crane for $12,000 cash. The crane cost $13,000, had $7,000 of accumulated amortization, and a fair market value of $13,000. In recording the sale, a gain (loss) should be recorded at