show your answers and formulas in excel 9. (4 points) Your Company purchased...
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show your answers and formulas in excel
9. (4 points) Your Company purchased an intangible with a designated useful life of 25 years for $270.000 on July 1 of Year 1. What is the amortization for Year 3? (Think straight line deprecation, no salvage value.) 10. (4 points) Your Company purchased equipment on January 1, of Year One for $650.000. The machines were estimated to have a 7-year life and a salvage value of $25,250. The company uses the straight-line depreciation method. At the beginning of Year 4. Your Company spent $110.000 on a major renovation. As a result, the expected life was increased by four years and salvage was estimated to be $20.000. What is the annual amount of depreciation expense for each of the remaining years? 11. (4 points) On August 1. 2019. Your Company wrote-off an uncollectible account in the amount of $28.000 from The Bum Corporation. On June 22, 2020. The Bum Corporation gave Your Company $5,000 of the original amount owed. Show the entries you would make on the spread sheet that would allow you to collect the $5,000. You do not need to show the original write-off. You may not need all three lines. Answer below Cash Flows Net Cash AR ADA Equity Liabilities Revenues Expenses CS+RE income
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