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1. Numo Company purchased a new machine on October 1, 2020, at a cost of $145,000. The company estimated that the machine will have a salvage value of $25,000. The max expected to be used for 20,000 working hours during its 5 -year Ife. astructions Compute the depreciation expense under the following methods for the year indicated. Straight-line for 2020 . b. Units of-activity for 2020 , assuming machine usage was 3,400 hours. c. Declining-balance using double the straight-line rate for 2020 and 2021 . 2.Henning Company, organized in 2020, has the following transactions refated to intangible assets. 1/2/20 Purchased potent 77 -year lifel $840,000 4/1/20 Goodwill purchased (indefinite life) 450,000 7/1/2010-year franchice, expiration date 7/1/2030 330,000 9/1/20 Research and development costs 210,000 Instructions: Prepare the necessary entries to record these intangibles. All costs incurred were for cash, Mahe the adfusting entries as of Deceinber 31 , 2020 , recording any aecessary angerbabion and reflecting ali balances accurately as of that date. 3. On March 1, 2020. Westmorlan Corngany acquied real estate on which it planned to construct a smatl otfice buibing. The company poid \$75,000 in canh An old waychous en the property was razed at a cost of $8,600, the salvaged materials were sold for $1,700. Additional expenditures before controction bejan inctuded 51.100 attormer fee for wark concernine the bind purchase, 55,000 real estate broker's fee, $7,800 architect's fee, and $14,000 to put in dilvewaps and a parking lot. Instructions 2. Deterivine the amount to be reported as the cost of the land. b. For each cost not used in part lat indicate the account to be debited

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