Question 31 3 pts On 1st April 2018. Insearch purchased a Camry Toyota car from Melboume for $35.000 and paid an additional amount of $2,000 for the delivery of equipment from Melbourne to Sydney. In addition, Insearch also purchased a comprehensive car insurance of $3000/ a year to ensure that the car will be fully covered by the insurance company it having any accident. A journal entry to record for the purchase of Camry Toyota car on 1st April 2018 will be Dr. Car 35,000 Dr. Delivery Expense $2,000 Dr. Insurance Expense $3.000 Cr CASH $40.000 Dr. Car $37,000 Cr. Cash $37,000 Dr. Car $40,000 Cr. Cash $40,000 Dr. Car $37,000 Dr. Insurance Expense $3,000 $40,000 C. Cash Previous Question 30 3 pts Calculate the depreciation expense per year for the New equipment purchased given some information below: 1. Full price for this equipment was $22,000 but you got a discount of 5450 from the shop. 2. Shipping costs paid $800 to deliver the New equipment from the shop to your company 3. Installation fees :$1,750 to get the technician help you install the new equipment. 4. Insurance in transit :$300 to cover any unexpected damage (if have) in delivery. 5. Staff training : $600 to run a training workshop (How-to-use- the new equipment) to your staff. 6. The new equipment is estimated to have $5,000 in the value after 5 year use & depreciated using STRAIGHTLINE method. $4,400 depreciation expense per year $3,940 depreciation expense per year $3,310 depreciation expense per year $4000 depreciation expense per year Next BACCOO2 Teaching Team Question 29 3 pts IF we are using INDIRECT METHOD to calculate for total net cashflow from Operating actvities and the balances for Inventories in year 2014 and 2015 are $4,000 and $ 5,000 respectively. We should adjust Net profit for the year 2015 by: Subtracting $1000 from Profit Adding $1000 into Profit Subtracting $9000 from Profit Adding 9000 into Profit Next Previous Not saved Submit quiz