Study Boogie Docs Shady Questing |New Tab at Tools Add-ons Help Accessibility All changes saved in Drive mal text Arial 8B I 48. A new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special acquisition fees of $6,000, would have a cost basis of a. $114,00 b. $126,00 c.$121,00 d. $132,00 49. Which intangible assets are amortized over their useful life? a. trademark b. goodwill . patents d. all of these 50. When a company sells machinery at a price equal to its book value, this transaction would be recorded with an entry that would include the following: a. debit Cash and Accumulated Depreciation; credit Machinery b. debit Machinery; credit Cash and Accumulated Depreciation c. debit Cash and Machinery; credit Accumulated Depreciation d. debit Cash and Depreciation Expense; credit Accumulated Google Docs Study Question Ch xNew Ta Add-ons Help Accessibility All changes saved in Drive 44. A lathe priced trading in a similar lathe and paying at a fair market value of $124,000 is acquired in a transaction that has commercial substance by cash for the difference between the trade-in allowance of $45,000 and the rice of the new lathe. Assuming that the book value of the lathe traded in is $36,000, what is the gain or loss on the exchange? a. gain of $9,000 b. gain of $12,000 c. loss of $9,000 d. loss of $12,000 45. Machinery was purchased on January 1 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year woulkd be (round I calculations to the nearest dollar): a. $10,92 b.$6,000 $10,50 d. $10,40 46. When the amount of use of a fixed asset varies from year to year, the method of determining depreciation expense that best matches allocation of cost with revenue is a. double-declining-balance method