solve the following questions

a.

On January 1, Year 1, Ballard company purchased a machine for $58,000. On January 1, Year 2, the company spent $22,000 to improve its quality. The machine had a $14,800 salvage value and a 6-year life, which are unchanged. Ballard uses the straight-line method. What is the book value of the machine on December 31, Year 4? Multiple Choice O $11,600 O $38,000 O $21,600 O $23.200Required information [The following information applies to the questions displayed below.] Farmer Company purchased equipment on January 1, Year 1 for $81,000. The machines are estimated to have a 5-year life and a salvage value of $10,000. The company uses the straight-line method. At the beginning of Year 4, Farmer revised the expected life to eight years. What is the annual amount of depreciation expense for each of the remaining years in the machine's life? Multiple Choice O $3,550 O $7.680 O $5,680 O $4,800Anchor Company purchased a manufacturing machine with a list price of $98,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and transportation costs amounted to $4,800. Anchor paid $6,900 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $9,000 for the first year of operations. What is the cost of the machine? Multiple Choice O $107,740 O $96,040 O $116,740 O $100,840