P 1. Totals: Land: $426,212; Land Improvements: $166,560; Buildings: $833,940; Machinery: $1,262,640; Expense: $18,120

P 2. 1. Depreciation, Year 3: a. $54,250; b. $81,375; c. $53,407

P 3. Total Depreciation Expense: 20x1: $71,820; 2ox2: $103,092; 20x3: $84,072

P 4. a. Gain on Sale of Computer: $6,000; b. Loss on Sale of Computer: $3,000; c. Gain on Exchange of Computer: $4,500; d. Loss on Exchange of Computer: $2,000; e. no gain recognized; f. Loss on Exchange of Computer: $2,000; g. Computer (new): $31,500; h. Computer (new): $38,000

P 5. Part A: d. Leasehold Amortization Expense: $6,000; e. Leasehold Improvements Amortization Expense: $13,500; Part B: c. Patent Amortization Expense: $148,000; d. Loss on Write-off of Patent: $1,184,000

P 6. Totals: Land: $723,900; Land Improvements: $142,000; Building: $1,383,600; Equipment: $210,800

P 7. 1. Depreciation, Year 3: a. $330,000; b. $264,000; c. $180,000

P 8. Total Depreciation Expense: 20x2: $26,560; 20x3: $37,520; 20x4: $31,456