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please answer them quick 5. Eagle Company purchased equipment for...

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Accounting

please answer them quick
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5. Eagle Company purchased equipment for $140,000 cash on July 29,2022. They estimate a 4 year life and $20,000 residual value. They use straight line depreciation. Required: Calculate the first year's depreciation. 6. Farmer company purchased a diamond mine for $7,000,000. They estimate they will extract 5,000 carats of diamonds from the mine. In 2022 they extract 1,200 carats of diamonds. from the mine. Required: Record the depletion for 2022. 7. Georgia Company had the following costs in connection with its building; Painting Costs $10,000 Cleaning costs $5,000 A new electrical system. Required: Prepare the appropriate: Journal entry(ies)

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