Depreciation MethodsVerizon Communications purchased network equipment for $1,200,000 with an estimated residual value of $100,000. The estimated useful life is 5 years or 500,000 service hours. The equipment was purchased on July 1. During the first year, 120,000 service hours were used.a. Calculate first-year depreciation using straight-line (assume half-year convention).b. Calculate first-year depreciation using units-of-production.c. Prepare the journal entry for each method to record the first year’s depreciation.d. Briefly explain a scenario where one method is preferable over the other.

LeasesDelta Airlines signs a finance lease for new aircraft valued at $120 million. The lease requires equal annual payments for 10 years, with the first payment due at year-end. The interest rate is 6%. a. Explain how Delta should initially record the lease under current accounting standards. b. Why might a company prefer a finance lease instead of purchasing the asset outright? c. Identify and explain how Delta’s first year of lease activity would impact both the income statement (specific expenses) and balance sheet (assets and liabilities).

Write the code for a public static method named countWords. The method receives a File and returns the total number of words in the file as an int. Words are separated by a single space, and there may be multiple words per line. If the file does not exist, the code should print “File does not exist” on its own line before returning 0. Do not handle any other exceptions that might come about; let them propagate. You may assume the file contains at least one word. You must use exception handling code. You may not use File’s exists() method. Be sure to close every object that should be closed before returning. You do not need to write import statements or wrap your method in a class.   Canvas Tip for all Qs: Click on the dropdown that says “Paragraph” and switch to “Preformatted” to get a monospaced font – this can help in coding answers

Write a compareTo method for a Student class that uses two instance variables to determine order: gpa (double) and studentID (int). The ordering of Student established by this class is:  Order first by gpa, in descending order (highest GPA first). Order second by studentID, in ascending order. If both variables are the same between the instances, the students are equal. You do not have to add the code for the instance variables.   Canvas Tip for all Qs: Click on the dropdown that says “Paragraph” and switch to “Preformatted” to get a monospaced font – this can help in coding answers

一个民主国家若要改变体制，通常需要通过_____来建立新的法律框架。

所謂逆向思維，就是對、已成定論的事物和「反過來」思考的思維方式。 有時候，我們怎麼也想不開，如能換種角度思考，便能，收穫的驚喜。

Orange Pekoe Co’s fixtures and fittings were purchased on 1 July 2022 at a cost of $50,000. The directors have depreciated them on a straight-line basis over an estimated useful life of eight years assuming a $5,000 residual value. At 1 July 2024, the directors realize that the remaining useful life of the fixtures is five years. There is no change to the estimated residual value. Which of the following is TRUE in relation to the change in the remaining useful life of the fixtures and fittings?

Equipment with a cost (or net revalued amount) of ${x} and a residual value of ${y} is acquired on the first day of the fiscal year. The equipment has an estimated useful life of eight years, and its total expected life is 10 years with no salvage value. How much of the cost would be depreciable under IFRS?

During the year ended 31 December 2025, Earl Grey Co built an extension to its head office. The costs associated with the construction of the head office extension are as follows: Land acquisition                                                                                          $10mFees for environmental certification and building permit                        $0.5mArchitect and engineer fees                                                                          $1mConstruction materials and labor costs (including unused materials)      $6.6m At 30 September 2025, the date when the head office extension became available for use, the cost of unused materials on site amounted to $0.5m. At that date, the total borrowing costs incurred on a loan which was used to specifically finance the head office extension amounted to $0.8m. For the year ended 31 December 2025, how much should be capitalized in respect of the construction of the extension to the head office building?

Equipment with a cost (or net revalued amount) of $11,000 and a residual value of $3,000 is acquired on the first day of the fiscal year. The equipment has an estimated useful life of eight years, and its total expected life is 10 years with no salvage value. Assuming straight-line depreciation is used, what is the annual depreciation expense under the requirements of ASPE?