Please see attached for the questions. thx! The question involves financial accounting.

1. On January 1, 2014 Behrend acquired a parcel of real estate that included land and a building for a negotiated price of $19,870,000. Before purchasing the property, Behrend paid $30,000 for an appraisal. Behrend also incurred closing costs of $100,000. The appraisal estimated fair value of the land at $19,800,000 and the building at $2,200,000. Required: Assuming Behrend occupies the building, record the real estate acquisition using the accounting equation format (A=L+E). 2. On January 1, 2013, Behrend Corp. purchased a weaving machine for $1,800,000. Cost to ship the machine and set it up totaled $100,000. The machine is expected to have a useful life of 5 years and a $400,000 salvage value. The machine is expected to produce 1,500,000 units over its lifetime. During 2013, 320,000 units were produced. During 2014, 400,000 units were produced. Required: Calculate what depreciation expense would be for years 2013 and 2014 under each of the following depreciation methods: 1 Straight-line 2 Double Declining Balance 3 Units of Output 4 Sum of the year's digits 3. Refer to the previous exercise part a) where Behrend applies straight-line depreciation. Assume that in 2015 Behrend revised its estimate of the weaving machine's total service life from 5 years to 4 years and also revised its estimate of residual value from $400,000 to only $300,000. Required: Determine the amount of depreciation recognized in each year 2015 and 2016 given the changes in estimate. 4. Refer again to the weaving machine depreciated by Behrend under the straight-line method. Assume that Behrend exchanges the machine on 1/1/2015 for a new machine. The new machine has a fair value of $2,000,000 and in addition to its old machine Behrend pays $500,000 in cash. Required: Assuming that the exchange has \"commercial substance\" record the exchange using the accounting equation format applying \"fair value treatment.\