Round ail monetary answers to the cent. 1. Oliver Compary purchased tool sharpening equipment on October 1 for $139,000. The equipment was expected to have a useful life of three vears or 13,000 operating hours, and a residual value of 57,700 . The equipment was used for 1.650 hours during Year 1,4,700 hours in Year 2, 3,850 hours in Year 3, and 2,800 hours in Kear 4. Determine the amount of depreciation expense for the years ended December 31, Vear 1, Year 2, Vear 3, and Year 4, by a. the straight-line method b. the units-of-activity method c. the double-dedining-balance method. 2. Farm Fresh Agriculture Company purchased Sunny Side Egg Oistribution for $400,000 cash when Sunny Side had eet assets worth $390,000, d. What is the amount of goodwill in this transaction? 4. Fresare Farm Fresh Aericulture Compary's journal entry to record the purchase of sunny Side Egg Distribution. The asset will be listed as the company's name. 1. Prepare the journal entry for farm Frenh Agriculture Company when the company tents for impairment and determines that goodwill is worth $1,000 in the year following the purchase of Sunm Side