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Problems 1) Alpha Corp acquired several assets from Beta Corp. for $1,000,000. Assets acquired inicluded a building, a stamping machine, and a forklift. An Aepriasal
Problems 1) Alpha Corp acquired several assets from Beta Corp. for $1,000,000. Assets acquired inicluded a building, a stamping machine, and a forklift. An Aepriasal of the assets valued the buikling at $800,000, the machine at $350,000, and the forklift at $100,000. What is the value that will be assigned to each of these assets? 2) Dakota Industries purchased a dump truck that cost $100,000. It is expected that the truck will last 5 years and have a $15,000 salvage value. It is also expected that the truck will be able to be driven 100,000 miles. a. Calculate the 1 and 2d year of depreciation using the straight-line method. Calculate the 1" and 2t year of depreciation using the Double Declining Balance method b. c. Assuming 18,000 miles were driven the 1t year, what is the depreciation of the truck for the 1t year using the units of production method? d. What is the book value of the truck at the end of the 1* year under each method
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