questions:

1.

A machine that cost $330,000. with a four-year life and an estimated $30,000 residual value. was installed in Haley Company's factory on September 1, 2020. The factory manager estimated that the machine would produce 400,000 units of product during its life. It actually produced the following units: 2020, 12.000: 2021, 102.000; 2022, 100,000: 2023, 98.000; and 2024, 96,000. The company's year-end is December 31. Required: Show the depreciation for each year and the total depreciation for the machine under each depreciation method calculated to the nearest whole month. [Do not round intermediate calculations. Round the final answers to the nearest Iwhole dollar.) Jensen and Stafford began a partnership to start a hardwood flooring installation business, by investing $180,000 and $220,000, respectively. They agreed to share profits/(losses) by providing yearly salary allowances of $170,000 to Jensen and $95,000 to Stafford, 20% interest allowances on their investments, and sharing the balance 3:2. Required: 1. Determine each partner's share if the first-year profit was $440,000. Share to Share to Jensen Stafford Total Total salaries and interest allocation Balance of profit Remainder 3:2 ratio: Balance of profit Shares of each partner 2. Independent of (1), determine each partner's share if the first-year loss was $115,000. (Negative answers should be indicated by a minus sign.) Share to Share to Total Jensen Stafford Total salaries and interest allocation Balance of loss Remainder 3:2 ratio: Balance of loss Shares of each partner