Please help me understand the question step by step

1) A project requires the purchase of new equipment at a cost of $18,000, which will be depreciated over the life of the asset.A further $5000 spent on transport and installation will be added to the purchase price of the equipment for depreciation purposes, and $1000 will be spent on advertising and other operating expenditure to get the project up and running.

What is the value of the asset for depreciation purposes?

Select one:

a.$24,000

b.$19,000

c.$23,000

d.$18,000

2) A project will increase revenue from $1.9 million to $2.6 million.Wages are 50% of revenue.Maintenance on the machine will be $25,000 less than it is on the machine that will be replaced.

What is the incremental revenuethat willresult from accepting this project?

(Hint: This is tricky.Read the question carefully to be sure you understand exactly what this question is asking for.)

Select one:

a.$0.325 million

b.$0.375 million

c.$0.700 million

d.$0.350 million

3) A machine with a purchase price of $11,000 is to be depreciated over its useful working life of 6 years to a book value of zero, using straight-line depreciation.

What is the book value of the machine after 3 years?

Select one:

a.$5400

b.$11000

c.$5500

d.$10900

4) A machine with a purchase price of $6,000 is to be depreciated over its useful working life of 10 years to a book value of zero, using diminishing value depreciation.

What is the amount of depreciation in Year 1?

Select one:

a.$1200

b.$1100

c.$600

d.$300