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1)Planet Fitness purchased a machine on January 1, 2013, for $18,000 cash. The machine has an estimated useful life of 4 years and a salvage value of $4,700. Planet Fitness uses the DDB method of depreciation for all its assets. What will be the machine's book value on December 31, 2014?

2)Judge Judy bought camera equipment on 1/1/2011 for a sales price of $50,000. In addition to the sales price, Judge Judy had to pay an extra $2,000 to have the equipment customized. The equipment is expected to have a life of 4 years. At the end of the 4 years, the equipment is expect to have a salvage value of $5,000. Judge Judy records depreciation expense annually. What is the book value of the equipment at 12/31/2012, after depreciation has been recorded? Judge Judy uses straight-line depreciation.

3)On January 1, 2012, Popcorn Corp. purchased equipment at a cost of $20,000. The equipment had an estimated useful life of 5 years and a salvage value of $2,000. Popcorn Corp. uses the straight-line depreciation expense for all its assets. Given this information, if Popcorn scraps the equipment on December 31, 2013, it will have a loss of:

4)On January 1, 2012, Popcorn Corp. purchased equipment at a cost of $20,000. The equipment had an estimated useful life of 5 years and a salvage value of $2,000. Popcorn Corp. uses the straight-line depreciation expense for all its assets. Given this information, if Popcorn sells the equipment for $13,600 on December 31, 2013, it will have a(n):

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