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On October 1, Organic Farming purchases wind turbines for $250,000. The wind turbines are expected to last five years have a salvage value of $31,000, and be depreciated using the straight-line method, 1. Compute depreciation expense for the last three months of the first year 2 Compute depreciation expense for the second year 1. Straight-line depreciation for the last three months of the first year 2. Straight-line depreciation for the second year Required information Use the following information for the Exercises below. The following information applies to the questions dyed below! On Aont 1 Cyclone's Co. purchases a trencher for $296.000. The machine expected to last five years and have a salvage value of $48.000. Exercise 10-12 Double-declining-balance, partial-year depreciation LO C2 Compute depreciation expense at December 31 for both the fast year and second your assuming the company uses the declining balance method. (Enter all amounts as positive values.) Depreciation to the Period Beginning of Annual Period Period Book Depreciation Partial Deciation Accm Value Year E Depreciation Year 1 15 296000 405 5/12 5 Year 2 1 Required information Use the following information for the Exercises below The following information applies to the questions displayed below NewTech purchases computer equipment for $268.000 to use in operating activities for the years the equipment's salvage valor at $30.000 Exercise 10-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years and he depreciation Sabit Detection Anal Depec Choose N Choose Dentilor Der Anal Depreciation Yeart Book Year Year Year 2 Year 3 Year 4 Tal Required information Use the following information for the Exercises below. The following information applies to the questions displayed below NewTech purchases computer equipment for $268.000 to use in operating activities for the next four years. Items the equipment's salvage value at $30,000 Exercise 10-8 Double-declining balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double declining balance deprecation (Enter all amounts positive values.) Depreciation for the Period End of Pood Beginning-Year Depreciation Annual Acciated Year End Book Valur Rate Depreciation Depreciation Book Value Your Year 1 Year 2 Year Year Total QS 10-7 Computing revised depreciation LO C2 On January 1, the Matthews Band pays $66,600 for sound equipment. The band estimates it will use this equipment for five years and after five years it can sell the equipment for $2,000 Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed Compute the revised depreciation for both the second and third years. Book value at point of revision Remaining depreciable cost Depreciation per year for years 2 and 3 expenditures LO C3 0. Paid $62,000 cash to replace a motoron equipment that extends its useful life by four years. b. Paid $310 cash per truck for the cost of the annual tune-ups. c. Paid $248 for the monthly cost of replacement filters on an air conditioning system d. Completed an addition to a building for $348.750 cash. 1. Classify the above transactions as either a revenue expenditure or a capital expenditure 2. Prepare the journal entries to record transactions a anda Complete this question by entering your answers in the tabs below. Required: Required 2 Classity the above transactions as either a revenue expenditure or a capital expenditure Transaction c d Required