ASSIGNMENT #2: PROBLEM EXERCISES

1. D. 720,000
2. A. 186,000
3. B. (18,150)
4. C. 60,000 gain
5. A. 715,000
6. B. 1,002,000
7. C. 180,000 loss
8. B. 260,000
9. A. 160,000
10. B. 29,333
11. A. 600,000
12. A. 15,000
13. C. 667,500
14. B. 6,200,000
15. B. 37,600