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I need help with a few questions from my previous accounting test. (9 pts)...

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Accounting

I need help with a few questions from my previous accounting test.image

(9 pts) Mountainview Resorts purchased equipment for $40,000. Residual value at the end of an estimated four-year service life is expected to be S8,000. The machine operated for 2,200 hours in the first year and the company expects the machine to operate for a total of 10,000 hours over its four year life. Calculate depreciation expense for the first year using each of the following depreciation methods (1) straight-line, $8,000 (2) double-declining-balance 40000 (3) activity-based -2 (6 pts) Breezy Inc., reports the following amounts in its December 31, 2018, income statement. Sales revenue Interest expense Salaries expense Utilities expense Income tax S300,000 expense $38,000 Cost of goods 8,000 sold 125,000 Advertising 35,000 expense 24,000 Sales Returns 41,000 And Allowances 20,000 Prepare a MULTI-STEP income statement

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