Ulsan management is debating straight-line method and the 200% declining balance deprecidtici. Help them project their future calculations. Required: [ 8 marks] Compute the following values for this equipment (show your work): A. Depreciation expense in year 2024 (year 3) under straight-line method: $173,330 3550,00030,000 B. Depreciation expense in year 2024 (year 3 ) under 200% declining balance method: $ 70,400 C. Book value at the end of 2024 (year 3 ) under straight-line method: $ D. Book value at the end of 2024 (year 3 ) under 200% declining balance method: $ Question 12 Tianjin Technology uses a perpetual inventory system. Shown below is Tianjin's beginning inventory of a particular product and purchases during January: On October 27, Tianjin sold 14 units of this product. Required: [12 marks] As of thomer 31 , determine the following values. (Show your calculations.) A. How many units are in the ending inventory? 16 B. If using weighted average, what is your cost of goods sold? 6256390=10.224306390=16 C. If using first-in, first-out (FIFO) what is the cost of your ending inventory? v3,230 60. 1801,08060 Q15 10 (1) a15 3,230a,15010 Q 230 D. If using last-in, first-out (LIFO) what is your cost of goods sold? (10) 230 d, 300 4 (a) 215 2 (10) 1803,520360 Question 13 At March 31, the balance of the Cash account according to the records of Stockholm Company was $3,812. The March 31 bank statement showed a balance of $4,087. 1. Deposit in transit at March 31,$6,972. Bank 2. Outstanding checks: no. 20, $160; no. 21, $995; no. 27, $330; no. 34, $2,137. Stock 3. Service charge by bank, $50. 4. A note receivable for $4,000 left by Stockholm Company with the bank for collection, was collected and credited to company's account. No interest or charges involved. Stock 5. A check for $125 drawn by a customer, Queen Silvia, but deducted from Stockholm's account by the bank and returned with the notation "NSF." 6. Stockholm's check no. 480, issued in payment of $1,800 worth of office equipment, correctly written in the amount of $1,800 but erroneously recorded in Stockholm's accounting records as $1,600. Required: [11 marks] Prepare the bank reconciliation of Stockholm Company on March 31. Bank Stockholm Company Question 14 Revkjavik Company uses a perpetual inventory system and records their purchases at net amounts. November 1 - Purchased merchandise from Selfoss Company for $800 with the terms of 2/10,n/30. November 2 - Returned 5200 of the merchandise to the Selfoss Company. November 4 - Purchased merchandise from the Vik Company for $900 with the terms of 3/10,n/30. November 6 - Paid the amount owed to the Selfoss Company November 8 - Returned $100 of merchandise purchased from Vik Company, November 12 - Sold all of the merchandise on hand from the Selfoss Company for $1,060. November 16 - Paid the amount owed to Vik Company in full. Aequired: [14 marks] Prepare the journal entries required for the above events. Page 8 of 11 Question 15 Explain the relationship between the matching principle and the need to estimate uncollectible accounts receivable