Kingbird company purchased equipment for $235,200 on october 1, 2020. it is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. estimated production is 36,000 units and estimated working hours are 20,000. during 2020, kingbird uses the equipment for 500 hours and the equipment produces 1,000 units. compute depreciation expense under each places, es 45,892) f the following methods. kingbird is on a calendar-year basis ending december 31. (round rate per hour and rate per unit to 2 decimal places, eg. 5.35 and final answers to o decimal (a) straight-line method for 2020 (b) activity method (units of output) for 2020 (c) activity method (working hours) for 2020 (d) sum-of-the-years'-digits method for 2022 e) double-declining-balance method for 2021

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?