Cameron University Operations And Supply Chain Management Assignment Help - depreciation & appraisal

Question - first part:

On January 1, 2003, ABC, Inc. purchased equipment for $80,000. The equipment had an
estimateduseful life of 10 years and an estimated salvage value of $3,000. ABC, Inc. will
depreciatethe equipment using the double-declining balance method of depreciation.
Calculate the amount of depreciation expense recorded on the equipment for 2005

second part:

Mason Company purchased a new machine on January 1, 1999, for $64,000. At the time of
acquisition,the machine was estimated to have a service life of eight years and a salvage value of
$10,000.The company uses the double-declining balance method of calculating depreciation. Assume
that themachine was sold for $39,000 cash on December 31, 2001.
Calculate the gain recorde ...Read More d on the sale

third part:

Jefferson Cleaners purchased a tract of land, a small office building, and some equipment for
$1,500,000. The appraised
value of the land was $850,000, the building $675,000, and the equipment $475,000. What amount is
recorded as the
cost of the land?
A) $481,667
B) $637,500
C) $850,000
D) $888,888
E) $925,667

Please make answers clear and bolded, will give lifesaver rating! thank you! ...Read Less

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