Please answer these

11 Points] BRECMBC9 17.II.004.MI.SA. question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to the oped part. Tutorial Exercise Johnson industries purchased a metal-working lathe for $38,000. This item will be used for business 90% of the time. Accountants elected to take a $17,000 section 179 deduction and utlize the special depreciation allowance of 50%. Prepare a depreciation schedule using MACRS. Round all dollar amounts to the nearest cent. 2. Points] BRECMBC9 17.II.007.MI.SA. question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back to oped part. Tutorlal Exercise For $42,250,000, Wesco Developers purchased land which their experts believe to contain 28,5 million tons of copper ore. It cost $12,473,000 to develop the property, whose residual value is estimated as $5,985,000. Determine the current year depletion expense if annual production amounted to 4,848,000 tons. Round depletion cost per unit to the nearest cent. Step 1 Depletion is the proportional allocation of the cost of natural resources to the units used up, or depleted, per accounting period. Before finding the depletion expense of copper ore for a year, we must calculate the average depletion cost per ton. This average uses the total cost of the natural resource package, the residual or salvage value of the property after resources have been exhausted, and the estimated total number of units of resource available. Land was purchased for $42,250,000, and another $12,473,000 was spent to develop it. The residual value of the land is estimated to be $5,985,000, and it is belleved that the land contains 28.5 million tons of copper ore. In standard notation, 28.5 million is written as 28,500,000. Find the average depletion cost per ton of copper ore using the following formula, rounding the reskit to the nearest cent. averagedepletioncost=estimatedunitsavailablepurchaseprice+developingcostresidualvalue=28,500,00042,250,000+12,473,000=$ BRECMBC9 16.I.003.MI. The annual inventory of Bargain Bonanza, Inc. shows the following information for jackets: If 915 fackets were on hand on December 31 , find the value (in $ ) of the ending inventory using the FIFO method of inventory pricing? 2. [0/14.28 Points] BRECMBC9 16.I.004.MI. Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. The following data represent the inventory figures for 55-gallon fish tanks at an aquarium. 55-Gallon Fish Tanks Inventory (a) How many fish tanks did the aquarium have available for sale? fish tanks (b) Calculate the total cost (in $ ) of the tanks available for sale. (c) If physical inventory on December 31 showed 88 tanks on hand, calculate their dollar value by using FIFO. (d) Calculate the value of the 88 tanks by using LIFO (in $ ). (e) Calculate the dollar value of the 88 tanks by using the average cost method (Round your answer to the nearest cent). 14.28 Points] BRECMBC9 16.I.010.MI.SA. This question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and skipped part. Tutorial Exercise Use the lower-of-cost-or-market rule to determine the value of the following inventory for Save-Mor Merchandisers. The retail method of inventory estimation is based on a comparison of goods available for sale at cost and at retail. These values are used to calculate a cost ratio that represents the cost of each dollar of retail sales. First calculate the amounts of goods available for sale at cost and retail and place in the table. These are the sum of the beginning inventory and net purchases at cost and retail. Universal Suppliers BRECMBC9 16.II.005.MI.SA. question has several parts that must be completed sequentially. If you skip a part of the question, you will not receive any points for the skipped part, and you will not be able to come back t oped part. Tutorial Exercise On July 1, the total inventory for Save-Mor Merchandisers was $614,100. Net purchases during the month were $318,900 and sales amounted to $611,400. Gross margin on sales was 66%. Estimate the cost value of the inventory as of July 31 using the gross profit method. Step 1 The gross profit method uses a company's gross margin percent to estimate the ending inventory. This method assumes that a company maintains approximately the same gross margin from year to year. First calculate the goods available for sale by adding the beginning inventory and the net purchases. On July 1 , the total inventory was $614,100 and there were net purchases of $318,900 throughout the month. Find the goods available for sale. goods available for sale = beginning inventory + net purchases =$614,100+$ =$ Use Exhibit 20-5, Corporate Bond Quotation Table, to find the information for the corporate bond. VERIZON COMMUNICATIONS INC ask price in dollars Find the current yield of a bond whose coupon rate is listed as 3.375 and currently selling at a premium of 103.375. Round to the nearest tenth percent. Step 1 The current yield of a bond is a simple measure of the return on investment based on the current market price. Thus, the annual interest and current market price of the bond must be calculated. The annual interest is the product of the par value of the bond, $1,000, and the coupon rate expressed as a decimal. The coupon rate for this bond is given to be 3.375, which is really 3.375\%. As a decimal, we have 3.375%= The annual interest for this bond (in \$) is calculated as follows. annualinterest=parvaluecouponrate=1,000=$