Question: please show the answer only and asap, thanks so much! Question 2 (1.5 points) Lisa's Pottery Co. purchased a new pottery oven. The company paid

 please show the answer only and asap, thanks so much! Question2 (1.5 points) Lisa's Pottery Co. purchased a new pottery oven. Thecompany paid $350,000 in cash. It also cost Lisa's Pottery Co. $15,000to have the equipment delivered (delivery took one day), $8,000 for insuranceduring transit and $50,000 to install and calibrate the oven. How much

please show the answer only and asap, thanks so much!

Question 2 (1.5 points) Lisa's Pottery Co. purchased a new pottery oven. The company paid $350,000 in cash. It also cost Lisa's Pottery Co. $15,000 to have the equipment delivered (delivery took one day), $8,000 for insurance during transit and $50,000 to install and calibrate the oven. How much will be capitalized to the machinery account? A) $400,000 B) $423,000 C) $415,000 D) $400,000 Question 5 (1.5 points) - The accountant for a new company Kerry's Hogwarts Hats - which just commenced operations has been asked to choose a depreciation policy and an inventory policy. Harry told the accountant that his hat-making equipment would get the most use in the early years of his operation. The economy is also undergoing a period of deflation. If the accountant wanted to maximize profit in the later years, she would choose the following: A) Diminishing balance and average cost B) Unit of production and FIFO C) Diminishing balance and FIFO D) Straight line and FIFO Question 7 (1.5 points) The equipment and accumulated depreciation account balances for Amy Allen and Assoc. at the beginning of the year were $808,000 and $220,000 respectively. At the end of the year, the equipment account was $700,000 and accumulated depreciation was $192,000. The total depreciation expense during the year was $40,000. The company sold one piece of equipment during the year and no new equipment was purchased. If a loss of $5,000 resulted from the sale of equipment, the selling price of the equipment must have been A) $35,000 B) $64,000 C) $108,000 D) $40,000 Question 8 (1.5 points) The records of Chew-Toys Co. showed the following about a chew-toy making machine: purchased on July 1, 2015 for $82,000; useful life 8 years, straight line depreciation is used and there is no residual value. On December 31, 2021 the machine was sold for $20,000. Because of this the company will record a gain of: A) Loss of $500 B) Gain of $500 C) Gain of $4,625 D) Loss of $4,625 Question 9 (1.5 points) On May 1, 2021, Black Co. purchased a trademark over its name for $81,250. It expires in 15 years. Black Co. estimates that the trademark will have a useful life of 13 years with no residual value. The amount of amortization expense recognized for the calendar year 2021 will be: A) $12,000 B) $6,250 C) $4,167 D) $5,000

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