The following independent situations describe facts concerning the ownership of various assets.

• (a) Dickenton Company purchased a tooling machine in 2000 for $85,000 . The machine was being depreciated on the straight-line method over an estimated useful life of 30 years with no salvage value. At the beginning of 2015, when the machine had been in use for 15 years , Dickenton paid $17,000 to overhaul the machine. As a result of this improvement, Dickenton estimated that the useful life of the machine would be extended an additional five years.
• (b)AndresenManufacturingCo.,acalendar-yearcompany,purchasedamachinefor$50,000onJanuary1,2013.Atthedateofpurchase,Andresenincurredthefollowingadditionalcosts:
  • Lossofsaleofoldmachinery$3,000
    • Freightcost$900
    • Installationcost$1,900
    • Testingcostspriortoregularoperation$800
• Theestimatedsalvagevalueofthemachinewas$8,000,andAndresenestimatedthatthemachinewouldhaveausefullifeof15 years,withdepreciationbeingcomputedusingthestraight-linemethod.InJanuary2015,accessoriescosting$2,925wereaddedtothemachinetoreduceitsoperatingcosts.Theseaccessoriesneitherprolongedthemachineslifenordidtheyprovideanyadditionalsalvagevalue.
• (c)On July 1, 2015, Schiff Corporation purchased equipment at a cost of $48,000 . The equipment has an estimated salvage value of $6,000 and is being depreciated over an estimated life of five years under the double-declining-balance method of depreciation. For the six months ended December 31, 2015, Schiff recorded a half-years depreciation.
• (d)QuinnCompanyacquiredatractoflandcontaininganextractablenaturalresource.Geologicalsurveysestimatethattherecoverablereserveswillbe4,000,000tonsandthatthelandwillhaveavalueof$800,000afterrestoration.Relevantcostinformationfollows:
  • Land$14,000,000
  • Tonsminedandsoldin2015950,000
• (e)InJanuary2015,BradleyCorporationenteredintoacontracttoacquireanewmachineforitsfactory.Themachine,whichhadacashpriceof$150,000,waspaidforasfollows:
• DownPayment $40,000
• 400sharesofBradleycommonstockwithanagreed-uponvalueof$325pershare$130,000
• $170,000
• Priortothemachinesuse,installationcostsof$10,000wereincurred.Themachinehasanestimatedusefullifeof16 yearsandanestimatedsalvagevalueof$20,000.Thestraight-linemethodofdepreciationisused.

1. Instructions: In each case, compute the amount of depreciation or depletion for 2015.