Choose right answer only:

A machine that costs $72,000 has an estimated residual value of $6,000 and an estimated useful life of 5 years. The machine is capable of working a total of 30,000 hours during its entire service life. Using the units of production method (variable depreciation), the depreciation expense for the second year, in which the machine was used for 5,000 hours, would be: Question options:

none of the above

11,000

14,400

13,200

12,000

choose right answer only

answer as a financial accounting expert EDF inc has the following categories of shares:

- 1,000 preferred shares issued and outstanding with a par value of $400 per share. Preferred shares are 10% cumulative dividend.

- 50,000 common shares issued and outstanding.

In 2023, the board of directors of EDF inc declared a total dividend of $180,000 to be paid to holders of preferred and common stock. There are no arrears of dividends. What was the amount of the dividend paid in 2023 on each ordinary share?

Question options:

3.60

none of the above

1.80

2.00

2.80

choose right answer

Rouler Ltd was founded in January 2023 to sell transportation vehicles in Ottawa. On 2023-12-31, the company's capital was $450,000 and retained earnings were $100,000. The company's capital is made up of 80,000 common shares (without par value) issued at $5 per share. The company's capital is also formed by 5,000 preferred shares (without nominal value). The company carried out the following operations:

March 6: buyback and immediate cancellation of 3,000 common shares at $7 per share paid in cash

March 08: redemption and immediate cancellation of 2,000 preferred shares at $8 per share paid in cash

At the end of its operations, the retained earnings must be equal to: Question options:

$94,000

$98,000

None of these answers

$104,000

$102,000