Problem 2 (10 points) Beaches Manufacturing acquired equipme…

Problem 2 (10 points) Beaches Manufacturing acquired equipment on January 1, 2018, at a cost of $75,000. The equipment was originally estimated to have a salvage value of $5,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $7,000 and the useful life was revised to a total of 8 years. Instructions Determine the depreciation expense for 2022 (show your calculations below)?

Problem 4 (20 Points) Surfside Bank agrees to lend Kernan Ma…

Problem 4 (20 Points) Surfside Bank agrees to lend Kernan Manufacturing Company $400,000 on January 1. Kernan Manufacturing Company signs a $400,000, 6%, 6-month note. Instructions Record the following using tabular analysis: The proceeds and issuance of the note by Kernan Manufacturing Company on January 1 The adjustment required assuming Kernan Manufacturing Company prepares financial statements on March 31 Kernan’s pay off of the note and interest at maturity on June 30, assuming that no further interest has been accrued.= To create a table, open the table editor as indicated in the image below. (Add rows and columns as needed.)

  This is the relational schema in text version if you canno…

  This is the relational schema in text version if you cannot see the graph. EMPLOYEE(Ssn, Fname, Minit, Lname, Bdate, Address, Sex, Salary, Super_Snn, Dno ) DEPARTMENT(DNumber, DName, Mgr_ssn, Mgr_start_date) DEPT_LOCATIONS(DNumber, DLocation) PROJECT(Pnumber, Pname, Plocation, Dnum) WORKS_ON(Essn, Pno, Hours) DEPENDENT(Essn, Dependent_name, Sex, Bdate, Relationship)