Solve 8.6 , 8.7 & BE8.2 , BE8.3 .Please type the answers. Thank you

8.6 Distinguish between expenses and capital expenditures during an asset's useful life. 8.7 How is a gain or a loss on the sale of a PPE asset calculated? 8.8 What are the similarities and differences between depreciation, amortisation and depletion? 8.9 Goodwill could be described as the value of all favourable attributes that relate to a business as a whole. What types of attributes could result in goodwill? 8.10 Explain the accounting treatment for revaluation of assets. 8.11 What are agricultural assets? 8.12 You are comparing two entities in the same industry. You have determined that Amber Ltd depreci- ates its PPE assets over a 30-year life, whereas Jonty Ltd depreciates its PPE assets over a 40-year life. Discuss the implications this has for comparing the results of the two entities. BRIEF EXERCISES BE8.1 Determine the cost of land. LO2 These expenditures were incurred by Knight Ltd in purchasing land: cash price $180 000; rates $10 000; solicitor's fees $9500; real estate agent's commission $8100; clearing and grading $7000; and fencing $5000. What is the cost of the land, assuming all figures: (a) are GST exclusive (b) include GST at a rate of 10% (c) include GST at a rate of 15%? BE8.2 Calculate straight-line depreciation. LO4 Brianna Ltd acquires a delivery truck at a cost of $96 600 (GST exclusive) on 1 January 2019, the beginning of the company's financial year. The truck is expected to have a residual value of $4000 at the end of its 5-year useful life. Calculate annual depreciation for the first and second years using the straight-line method. BE8.3 Calculate diminishing-balance depreciation. LO4 Depreciation information for Brianna Ltd is given in BE8.2. Assuming the diminishing-balance depreciation rate is one-and-a-half times the straight-line rate, calculate annual depreciation for the first and second years under the diminishing-balance method