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QUESTION 16 Pepe, the purchased equipment on February 12, 2016 for $2,300,000. The equipment is deprecated using the double declining bwance method over an estimated

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QUESTION 16 Pepe, the purchased equipment on February 12, 2016 for $2,300,000. The equipment is deprecated using the double declining bwance method over an estimated telu We of 16 years. The shape values climate. How SSS.000.On December 2011. the management projects the average raundiscounted for at how to the equipment to best 82.000 and the present value of these future cash flows to be 31.318,000. HOW much should Pepe charge against income (both depreciation expers and impairment loss in 2018 3527.084 5642 2.000 $1.014230 QUESTION 17 On October 1, 2021. Williams, Inc. purchased a patent for a new consumer product for 5720.000. At the time of purchase the patient was valid for 10 years. On February 1, 2024. Was incurred 524,000 in legal fees for the Successful defense of the patent. The estimated remaining life of the patent was revised to 4 years as of February 1, 2024. What amount should Willams charge to Patent Aroration expense for 2024 assuming amortization is recorded using the straight line method 1132.000 $138.000 $144,000 $150.000

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