sorry I know its a lot. these were the problems im struggling with and their due this morning.

A fixed asset with a cost of $37,984 and accumulated depreciation of $34,186 is traded for a similar asset priced at $54,246 (fair market value) in a transaction with commercial substance. Assuming a trade-in allowance of $4,504, at what cost will the new equipment be recorded in the books? Oa. $54,246 Ob. $49,742 OC, $58,044 Od. $53,540 Based on the following data, what is the cost of the land? Land purchase price $195,861 17,278 Broker's commission Payment for demolition and removal of existing building 4,582 Cash received from sale of materials salvaged from demolished building 1,800 An asset was purchased for $65,000 and originally estimated to have a useful life of 10 years with a residual value of $3,900. After two years of straight-line depreciation, it was determined that the remaining useful life of the asset was only two years with a residual value of $1,560. a) Determine the amount of the annual depreciation for the first two years. b) Determine the book value at the end of Year 2 c) Determine the depreciation expense for each of the remaining years after revision. On June 8, Williams Company issued an $87,600, 10%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. Oa. $87,600o Ob. $8,760 Oc. $96,360 Od. $90,520 Chang Co. issued a $42,600, 120-day, discounted note to Guarantee Bank. The discount rate is 7%. Assuming a 360-day year, the cash proceeds to Chang Co. are Round your answer to the nearest whole dollar. , $45,582 Ob. $42,600 Oc. $42,849 Od. $41,606 Taylor Bank lends Guarantee Company $96,388 on January 1. Guarantee Company signs a $96,388, 11%, nine- month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is Cash 96,388 96,388 Notes Payable Ob 7,952 88,436 Interest Expense Cash Notes Payable 96,388 Cash 104,340 7,952 Interest Expense Notes Payable 96,388 Od Cash 108,316 7,952 Interest Expense Notes Payable 96,388 Interest Payable 3,976