[The following information applies to the questions displayed below.] Question 1 Lasting Company purchases a computerized manufacturing machine for $60,000 to use in operating activities for the next five years. It estimates the equipments salvage value at $5,000. The machine is estimated to produce 220,000 units over its useful life. In year 1 it produced 36,000 units, in year 2: 44,000 units, in year 3: 52,000 units, in year 4: 60,000 units and in year 5: 32,000 units.

Prepare a table showing depreciation expense, accumulated depreciation and book value for each of the five years assuming straight-line depreciation.

Question 2 On January 1, 2020, Henry Lightner Company purchased McHenry Company at the price shown. The market values of the assets purchased are given. Allocate the purchase price among the assets purchased for each separate purchase below.

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Assets Purchased	Market Value	Purchase Price 1		Purchase Price 2
		$8,000,000		$11,000,000
Land	$2,700,000
Building	$4,050,000
Equipment	$1,800,000
Vehicles	$450,000
Goodwill
Total	$9,000,000	$