Question: Please answer all questions. If you can't answer please refund the question. Thanks in advance. I will leave good review Homework should always be hand-written

Please answer all questions. If you can't answer please refund the question. Thanks in advance. I will leave good review

Please answer all questions. If you can't answer please refund the question.

Homework should always be hand-written (do not type). You are encouraged to use journal paper for journal entries (Questions 6 through 8). Colors are optional, but encouraged, for this homework. Question 1) On March 1, 2022, Dobbs Company acquired real estate, on which it planned to construct a small office building, by paying $79,000 in cash. An old warehouse on the property was demolished at a cost of $18,888; the salvaged materials were sold for $7,555. Additional expenditures before construction began included $1,009 attorney's fee for work concerning the land purchase, $5,200 real estate broker's fee, $9,100 architect's fee, and $17,000 to put in driveways and a parking lot. Instructions: A) Determine the amount to be reported as the cost of the land. B) For each cost not used in part (a), indicate the account to be debited. Question 2) Megan Company purchased a new machine on September 1, 2022, at a cost of $131,000. The company estimated that the machine has a salvage value of $51,515, is expected to be used for 88,316 working hours, and will have a 7-year life. Instructions: A) Compute the depreciation expense under the straight-line method for 2022, 2026, and 2029, assuming a December 31 year-end. B) Compute the depreciation expense under the double-declining balance method for 2022 and 2023. Round the DDB percentage rate to 2 decimal places. C) Compute the depreciation expense under the units-of-activity method for 2022, assuming machine usage was 4,444 hours. (record depreciation per unit to the nearest cent.) Question 3) In recent years, Amanda Company has purchased three machines. Because of a bad employee named Wares in the accounting department, a different accountant was hired to take charge of selecting the depreciation method for each machine. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Useful Life Depreciation Value (in years) method Jan. 1, 2021 $96,000 $12,000 Straight-line WN - Oct. 1, 2022 $85,000 $10,000 aur U Double-Declining Balance Nov. 1, 2022 $66,000 $ 6,000 Units-of-Activity For the units-of-activity method, total machine hours are expected to be 30,000. Actual hours of use in the first 3 years were: 2022, 800; 2023, 4,500; and 2024, 7,000. Instructions: A) Compute the amount of accumulated depreciation on each machine at December 31, 2024. B) If machine 2 was purchased on April 1 instead of October 1, what would be the depreciation expense for this machine in 2022? In 2023? Question 4) Mascal Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on May 1, 2021, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $5,600. Instructions: Prepare a depreciation schedule (as shown in class) assuming actual mileage was: 2021, 40,000; 2022, 52,000; 2023, 41,000; and 2024, 27,000

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