Please help me answer attached questions. I'm really confused. thank you

1 Problem 10-4, (Dispositions, Including Condemnation, Demolition and Trade-In) P.543 Land Building Warehouse Machine Furniture Automobile $ $ $ $ $ $ Cost 40,000 15,000 70,000 8,000 10,000 9,000 Accumulated Depreciation $ $ $ 16,000 $ 2,800 $ 7,850 $ 3,460 Cash Proceeds $ 31,000 $ 3,600 $ 74,000 $ 900 $ $ 2,960 Fair Value $ 31,000 $ $ 74,000 $ 7,200 $ 3,100 $ 2,960 Nature of Disposition Condemnation Demolition Destruction by Fire Trade-In Contribution Sale Land: On February 15, a condemnation award was received as consideration for unimproved land held primarily as an investment. On March 31, another parcel of unimproved land to be held as an investment was purchased for $35,000 Building: On April 2, land and building were purchased at a total cost of $75,000, of which 20% was allocated to the building on the corporate books ($15,000). The real estate was acquired with the intention of demolishing the building. Cash proceeds represent the net proceeds from demolishing the building. Warehouse: On June 30, the warehouse was destroyed by fire. The warehouse was purchased January 2, 2014 and had depreciated $16,000. On December 27, the insurance proceeds and other funds were used to purchase a replacement warehouse at a cost of $90,000. Machine: On December 26, the machine was exchanged for another machine having a fair value of $6,300 and cash of $900 was received. (The exchange lacks commercial substance) Furniture: On August 15, furniture was contributed to a qualified charitable Organization. No other contributions made during the year. Automobile: On November 3, the automobile was sold to Jared Winger, a stockholder. Indicate how these items would be reported on the income statement of Hollerith Co. Land: Building: Warehouse: Machine: Furniture: Automobile: 2 Problem 10-6, (Interest during Construction) P. 544 Purchased Land Surveying Costs Title Insurance Policy Demolition Cost Sale of materials Architect Cost Building Permit Cost $ $ $ $ $ $ $ 139,000 2,000 4,000 3,000 1,000 30,000 3,000 Construction Contractor Payments 3/1 5/1 7/1 $ 240,000 $ 330,000 $ 60,000 Borrowed 12/1/17 Term - years Interest Rate $ 600,000 10 8% Compute the balance in each of the following accounts at December 31, 2017 and December 31, 2018 (a) Land (b) Buildings (c) Interest Expense CA 11-5, Ethics (Depreciation Choice - Ethics) P. 597 (a) Who are the stakeholders in this situation? (b) What are the ethical issues involved? (c) What should prior do? Problem 12-2, (Accounting for Patents) P. 644 Date 2008-2009 Jan. 2010 March 2010 Activity Research conducted to develop precipitator Design and construction of a prototype Testing of Models $ $ $ Cost 384,000 87,600 42,000 Jan. 2011 Fees paid engineers and lawyers to prepare patent application; patent granted 6/30/11 $ 59,500 3 Nov. 2012 Dec. 2013 April 2014 July 2018 Engineering activity necessary to advance design of the precipitator to the Mfg stage Legal fees paid to successfully defend patent Research aimed at modifying the desing of the patented precipitator Legal fees paid in unsuccessful patent infringement suit against competitor Original Useful Life - 6/30/11 Useful Life Revise - 1/1/16 Amortization computed for full year 01/01 - 06/30 Amortization not computed for year 07/01-12/31 Compute the carrying value of the patent on each of the following dates: (a) December 31, 2011 (b) December 31, 2015 (c) December 31, 2018 $ $ 81,500 42,000 $ 43,000 $ 34,000 17 Years 5 Remaining years