Question 1 Please answer all, and explain thank you! Roho Company acquired equipment on July 1, 2016, for $500,000. The residual value is $50,000 and the estimated life is 5 years or 40,000 hours. Compute the depreciation expense for the years ending December 31, 2016 and December 31, 2017 if Roho Company uses the double-declining-balance method of depreciation. A.) 45,000 for 2016; $90,000 for 2017 B.) $200,000 for 2016; $120,000 for 2017 C.) $90,000 for 2016 ; $164,000 for 2017 D.) $100,000 for 2016 ; $160,000 for 2017 Question 2: At the beginning of the year, the balance in the Buildings account was $1,200,000. At the end of the year, the balance in the Buildings account was $2,100,000. During the year, a building was purchased for $1,400,000. This was the only purchase of buildings during the year. What was the cost of the building or buildings sold during the year? A.)$0 B.)$1,400,000 C.)$1,200,000 D.) $500,000 Question 3: Equipment with a historical cost of $105,000 and Accumulated Depreciation of $20,000 is junked. No cash is received upon disposal. Which journal entry is necessary? A.)debit Accumulated Depreciation Equipment for $20,000, debit Loss on Disposal of Equipment for $85,000 and credit Equipment for $105,000 B.) debit Accumulated Depreciation Equipment for $20,000 and credit Equipment for $20,000 C.) debit Accumulated Depreciation Equipment for $20,000, debit Gain on Disposal of Equipment for $85,000 and credit Equipment for $105,000 D.) debit Accumulated Depreciation Equipment for $105,000 and credit Equipment for $105,000

Question 4: Jimmy Company leased a delivery van for payments of $6,000 per year for three years. In addition, Jimmy Company also paid $1,300 for new larger windows in the van and spent $4,400 for special storage racks for the van. Leasehold Improvements equal: A.)$5,700 B.)$4,400 C.) 6,000 D.)$1,300