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pls answer the following questions On January 1, Year 1, Li Company purchased an asset that cost $110,000. The asset had an expected useful life

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pls answer the following questions

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On January 1, Year 1, Li Company purchased an asset that cost $110,000. The asset had an expected useful life of five years and an estimated salvage value of $22,000. Li uses the straight-line method recognized during Year 4? for the recognition of depreciation expense. At the beginning of the fourth year, the company revised its estimated salvage value to $11,000. What is the amount of depreciation expense to be Multiple Choice O $28,600 O $46.200 O $17,600 O $23,100On January 1, Year 1, Ballard company purchased a machine for $46,000. On January 1, Year 2, the company spent $16,000 to improve its quality. The machine had a $10,000 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4? Multiple Choice O $18,000 O $9,200 O $28,400 O $18,400Required information [The following information applies to the questions displayed below.] Farmer Company purchased equipment on January 1, Year 1 for $131,000. The machines are estimated to have a 5-year life and a salvage value of $20,000. The company uses the straight-line method. At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life? Multiple Choice O $5,750 O $9,200 O $8,375 O $13,400The balance sheet of Flo's Restaurant showed total assets of $380,000, liabilities of $112,000 and stockholders' equity of $318,000. An appraiser estimated the fair value of the restaurant assets at $440,000. If Alice Company pays $545,000 cash for the restaurant, what is the amount of goodwill? Multiple Choice O $217,000 O $227,000 O $105,000 O $165,000Required information [The following information applies to the questions displayed below.] On January 1, Year 1, Jing Company purchased office equipment that cost $18,500 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $3,000. The equipment had a five-year useful life and a $7,000 expected salvage value. Assume that Jing Company earned $31,000 cash revenue and incurred $19,500 in cash expenses in Year 3. The company uses the straight-line method. The office equipment was sold on December 31, Year 3 for $10,600. What is the company's net income (loss) for Year 3? Multiple Choice O $6,400 O ($3,500) O $7.500 O $2.500

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