declining-balance method for the years 2008 and 2009. BE 214 Eastman Company purchased a delivery truck for $35,000 on January 1, 2008. The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2008 and 22,000 miles in 2009. Compute depreciation expense using the units-of-activity method for the years 2008 and 2009. BE 215 Porika Company purchased a truck for $57,000. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $6,000 at the end of that time. During the second year the truck was driven 27,000 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided. Units-of-activity
$
Double-declining-balance
$
BE 216 On January 1, 2006, Ecker Company purchased a computer system for $20,500. The system had an estimated useful life of 5 years and no salvage value. At January 1, 2008, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2008 and 2009? BE 217 Robot Enterprises sold equipment on January 1, 2008 for $5,000. The equipment had cost $24,000. The balance in Accumulated Depreciation at January 1 is $20,000. What entry would Robot make to record the sale of the equipment? BE 218 On January 1, 2008, Freeport Enterprises purchased natural resources for $1,200,000. The company expects the resources to produce 12,000,000 units of product. (1) What is the depletion cost per unit? (2) If the company mined and sold 20,000 units in January, what is depletion expense for the month? BE 219 On January 2, 2008, Elneer Company purchased a patent for $38,000. The patent has an estimated useful life of 25 years and a 20-year legal life. What entry would the company make at December 31, 2008 to record amortization