so Grimes purehased methinery on 2017, of Tie life the machinery is 4 yeure, vage atthe end period of useful of depreciation methode could be company is considering different A) herare atoante depreciation schedules (as own in slassy machinery ing B) Which method would result in the higher reported 2017 insome le fie highest seal c) which method would reeull in the lower reported 2017 insonse?In the seal insome over the 4 year period? Question 6) wang Co. has delivery equipment than cost soo ooo and has been depreciated s3IAss. inurweniowe Record entries for the disposal under the following assumptions A) It was scrapped as having no value. It was sold for SJ9,500. c) It was sold for S22,222. Question 70 Presented here are selected transactions for Hamid Company for 2017. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2007. The machine cost S93,000 on that date and had a useful life of 10 years with no salvage value, June 30 Sold a computer that was purchased on January 2014. The computer cost S30,000 and had a useful life of 6 years with no salvage value. The computer was sold for $17,000. Oct. Discarded a delivery truck that was purchased on January 1, 2012. The truck cost $34,200 and was depreciated based on an 8-year useful life with a $3,000 salvage value. hrstructions. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, assets disposed of Hamid Company uses straight-line depreciation. (Assume depreciation is up to date December 2016) Question 8) These are selected 2017 transactions for Darlene Corporation: Apr 1 Purchased copyright for s120,000. The copyright has a useful life of8 years and a remaining legal life of 30 years. Sept. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for Dec. Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. listructions: Prepare all adjusting entries at December 31 to record amortization required by the events