Vhy there is different depreciation method in a mple about each method. (4 Points) Explain the importance of Intangible assets on ironment and the methods used to account for explain the importance of capitalization on dep mple. (4 Points) Explain the impact of warranty accounting on tl et (Financial position). Give detailed example. I Question 8 Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings. The following transactions occurred in 2015: March 31, 2015-Negotiations which began in 2014 were completed and a warehouse purchased 1/1/06 (depreciation has been properly charged through December 31, 2014) at a cost of $3,200,000 with a fair value of $2,000,000 was exchanged for a second warehouse which also had a fair value of $2,000,000. The exchange had no commercial substance. Both parcels of land on which the warehouses were located were equal in value, and had a fair value equal to book value. June 30, 2015 Machinery with a cost of $240,000 and accumulated depreciation through January 1 of $180,000 was exchanged with $150,000 cash for a parcel of land with a fair value of $230,000. The exchange had commercial substance. Instructions Prepare all appropriate journal entries for Moore Corporation for the above dates. construction of a small building. Payments of $120,000 were made ginning on April 1. The building was completed and ready for the purpose of determining the amount of interest cost to be eighted average accumulated expenditures on the building by V: ires Capitalization Period Weighted Average Expenditures Vhy there is different depreciation method in a mple about each method. (4 Points) Explain the importance of Intangible assets on ironment and the methods used to account for explain the importance of capitalization on dep mple. (4 Points) Explain the impact of warranty accounting on tl et (Financial position). Give detailed example. I Question 8 Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings. The following transactions occurred in 2015: March 31, 2015-Negotiations which began in 2014 were completed and a warehouse purchased 1/1/06 (depreciation has been properly charged through December 31, 2014) at a cost of $3,200,000 with a fair value of $2,000,000 was exchanged for a second warehouse which also had a fair value of $2,000,000. The exchange had no commercial substance. Both parcels of land on which the warehouses were located were equal in value, and had a fair value equal to book value. June 30, 2015 Machinery with a cost of $240,000 and accumulated depreciation through January 1 of $180,000 was exchanged with $150,000 cash for a parcel of land with a fair value of $230,000. The exchange had commercial substance. Instructions Prepare all appropriate journal entries for Moore Corporation for the above dates. construction of a small building. Payments of $120,000 were made ginning on April 1. The building was completed and ready for the purpose of determining the amount of interest cost to be eighted average accumulated expenditures on the building by V: ires Capitalization Period Weighted Average Expenditures