14. The Rogers Distributing, Inc. is having a warehouse constructed by James Bros.

Rogers Distributing Inc. made the following payments to James Bros. on the dates shown:

4/1/09 $ 100,000

7/1/09 $ 80,000

11/1/09 $120,000

What is the amount of Weighted Average Accumulated Expenditures (WAAE)?

A. 100000

B. 135000

C. 300000

D. 200000

15. The Gilmore Corporation acquired equipment costing $120,000 on 1/1/2009. The estimated life of the equipment is 10 years and the estimated salvage value is $20,000. What is the amount of depreciation expense that the company should record for 2009 assuming it uses the straight-line method?

A. 10000

B. 12000

C. 14000

D. 16000

16. The Gilmore Corporation acquired equipment costing $120,000 on 1/1/2009. The estimated life of the equipment is 10 years and the estimated salvage value is $20,000. What is the amount of depreciation expense the company should record for 2009 assuming it uses the double-declining balance method?

A. 10000

B. 12000

C. 20000

D. 24000

17. The Gilmore Corporation acquired equipment costing $120,000 on 1/1/2009. The estimated life of the equipment is 10 years and the estimated salvage value is $20,000. What is the amount of depreciation expense the company should record in 2010 assuming it continues to use the double-declining balance method?

A. 10000

B. 19200

C. 24000

D. 25000