Please need help with the attached home work. Thanks

Denney Company incurs these expenditures in purchasing a truck: cash price $17,797; accident insurance (during use) $2,333; sales taxes $1,140; motor vehicle license $252; and painting and lettering $1,116. What is the cost of the truck? $ On March 1, 2010, Edington Company acquired real estate, on which it planned to construct a small office building, by paying $91,871 in cash. An old warehouse on the property was demolished at a cost of $9,032; the salvaged materials were sold for $1,894. Additional expenditures before construction began included $1,208 attorney's fee for work concerning the land purchase, $5,784 real estate broker's fee, $8,867 architect's fee, and $13,125 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. $ Apex Chemicals Company acquires a delivery truck at a cost of $25,399 on January 1, 2010. The truck is expected to have a salvage value of $3,136 at the end of its 5-year useful life. Compute annual depreciation for the first and second years using the straight-line method. (Round your answers to 0 decimal places, e.g. 2,550.) First year depreciation $ Second year depreciation $ Downing Company purchased a new machine on September 1, 2010, at a cost of $101,040. The company estimated that the machine has a salvage value of $7,800. The machine is expected to be used for 71,100 working hours during its 8-year life. Compute the depreciation expense under the straight-line method for 2010 and 2011, assuming a December 31 year-end. 2010 $ 2011 $ On January 1, 2010, the Ewing Company ledger shows Equipment $42,900 and Accumulated Depreciation $18,304. The depreciation resulted from using the straight line method with a useful life of 10 years and a salvage value of $4,046. On this date the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. Compute the revised annual depreciation. (Round answer to 0 decimal places, e.g. 12,100.) $ Prepare journal entries to record these transactions: (a) Blaska Company retires its delivery equipment, which cost $45,355. Accumulated depreciation is also $45,355 on this delivery equipment. No salvage value is received. (b) Assume the same information as in part (a), except that accumulated depreciation for Blaska Company is $37,598 instead of $45,355. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Account/Description Debit Credit (a) Accum. depr.-delivery equipment Delivery equipment (b) Accum. depr.-delivery equipment Loss on disposal Delivery equipment Ritenour Manufacturing has an old factory machine that cost $65,100. The machine has accumulated depreciation of $36,456. Ritenour has decided to sell the machine. (a) What entry would Ritenour make to record the s largest to smallest amount, e.g. 10, 5, 2.) Description/Account Accumulated depreciation-Machine Cash Machine (b) What entry would Ritenour make to record the s largest to smallest amount, e.g. 10, 5, 2.) Description/Account Accumulated depreciation-Machine Cash Loss on sale Machine Downing Company purchased a new machine on September 1, 2010, at a cost of $94,721. The company estimated that the machine has a salvage value of $5,034. The machine is expected to be used for 70,000 working hours during its 8-year life. Compute depreciation using the following methods in the year indicated. (Round all answers to 0 decimal places, e.g. 2,510.) (a) Declining-balance using double the straight-line rate for 2010 and 2011. 20 $ 10 20 $ 11 (b) Units-of-activity for 2010, assuming machine usage was 2,711 hours. (Round depreciation cost per unit to 2 decimal places, e.g. 2.50 to calculate depreciation.) $ Gladow Company, organized in 2010, has these transactions related to intangible assets in that year: Jan. 2 Purchased a patent (5-year life) $390,910. Apr. 1 Goodwill purchased (indefinite life) $378,990. July 1 Acquired a 9-year franchise; expiration date July 1, 2019, $545,400. Sept. 1 Research and development costs $180,862. (a) Prepare the necessary entries to record these intangibles. All cost Date 1/2/10 4/1/10 Account/Description Patent Cash Goodwill 7/1/10 9/1/10 (b) Date 12/31/10 (c) Cash Franchise Cash Research and development expense Cash Make the entries as of December 31, 2010, recording any necessary amortization. Account/Description Amortization expense-Patent Amortization expense-Franchise Patent Franchise Indicate what the balances should be on December 31, 2010. Patent Goodwil l Franchis e In recent years Wang Company purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant selected the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Useful Acquire Salvage Life (in Depreciation Method Machine d Cost Value years) $101,40 1 Jan. 1, 2008 $12,360 6 Straight-line 0 2 July. 1, 2009 85,200 11,060 5 Declining balance 3 Nov. 1, 2009 68,400 7,680 6 Units-of-activity For the declining-balance method, Wang Company uses the double-declining rate. For the unitsof-activity method, total machine hours are expected to be 24,000. Actual hours of use in the first 3 years were: 2009, 500; 2010, 4,900; and 2011, 5,300. (a) Compute the amount of accumulated depreciation on each machine at December 31, 2011. (Round all an For Units-of-activity method, round per unit cost to 2 decimal places, e.g. 25.10 before calculating depr Machi ne 1 Machi ne 2 Machi ne 3 (b) If machine 2 was purchased on October 1 instead of July 1, what would be the depreciation expense for th 2009 2010