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Question 4 At December 31, 2016, Grouper SA reported the following as plant assets. Land €...
At December 31, 2017, Flounder Corporation reported the following plant assets. Land $ 5,883,000 Buildings $26,560,000 Less: Accumulated depreciation—buildings 23,384,925 3,175,075 Equipment 78,440,000 Less: Accumulated depreciation—equipment 9,805,000 68,635,000 Total plant assets $77,693,075 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,314,200. May 1 Sold equipment that cost $1,176,600 when purchased on January 1, 2011. The equipment was sold for $333,370. June 1 Sold land for $3,137,600. The land cost $1,961,000. July 1 Purchased equipment for...
Question 4 At December 31, 2016, Bonita Ltd. reported the following as plant assets. Land £ 2,961,000 Buildings £28,521,000 Less: Accumulated depreciation-buildings 11,791,000 16,730,000 Equipment 40,586,000 Less: Accumulated depreciation-equipment 5,383,000 35,203,000 Total plant assets £54,894,000 During 2017, the following selected cash transactions occurred. Mar. 1 Purchased land for £2,052,000. April 1 Sold equipment that cost £424,000 when purchased on January 1, 2013. The equipment was sold for £250,160. June 1 Sold land purchased on June 1, 2007, for £1,533,000. The...
At December 31, 2022, Grouper Corporation reported the following plant assets. Land $ 3,783,000 Buildings $26,570,000 Less: Accumulated depreciation-buildings 15,037,425 11,532,575 Equipment 50,440,000 Less: Accumulated depreciation equipment 6,305,000 44.135.000 Total plant assets $59,450,575 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,774,200. May 1 Sold equipment that cost $756,600 when purchased on January 1, 2016. The equipment was sold for $214,370. June 1 Sold land for $2,017,600. The land cost $1,261,000. July 1 Purchased equipment...
At December 31, 2017, Grand Company reported the following as plant assets. Land $ 4,360,000 Buildings $28,130,000 Less: Accumulated depreciation—buildings 12,490,000 15,640,000 Equipment 48,640,000 Less: Accumulated depreciation—equipment 5,290,000 43,350,000 Total plant assets $63,350,000 During 2018, the following selected cash transactions occurred. April 1 Purchased land for $2,050,000. May 1 Sold equipment that cost $1,020,000 when purchased on January 1, 2014. The equipment was sold for $612,000. June 1 Sold land purchased on June 1, 2008 for $1,560,000. The land cost...
At December 31, 2022, Blue Corporation reported the following plant assets. Land $4,548,000 Buildings $26,520,000 18,078,300 8,441,700 Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation equipment Total plant assets 60,640,000 7,580,000 53,060,000 $66,049,700 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,335,200. May 1 Sold equipment that cost $909.600 when purchased on January 1, 2016. The equipment was sold for $257.720. June 1 Sold land for $2.425,600. The land cost $1.516,000. July 1 Purchased equipment for...
At December 31, 2022, Bramble Corporation reported the following plant assets. Land $4,278,000 Buildings $26,530,000 17,005,050 Less: Accumulated depreciation-buildings 9,524,950 Equipment Less: Accumulated depreciation equipment 57,040,000 7,130,000 49,910,000 $63,712,950 Total plant assets During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,137,200. May 1 Sold equipment that cost $855,600 when purchased on January 1, 2016. The equipment was sold for $242,420. June 1 Sold land for $2,281,600. The land cost $1,426,000. July 1 Purchased equipment for...
At December 31, 2022, Martinez Corporation reported the following plant assets. Land $3,783,000 Buildings Less: Accumulated depreciation-buildings $26,590,000 15,037.425 50,440,000 11.552,575 Equipment Less: Accumulated depreciation equipment 6,305,000 Total plant assets 44.135,000 $59,470,575 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $2.774.200. May 1 Sold equipment that cost $756.600 when purchased on January 1, 2016. The equipment was sold for $214,370. June 1 Sold land for $2.017.600. The land cost $1.261,000. July 1 Purchased equipment for...
Current Attempt in Progress At December 31, 2022, Marigold Corporation reported the following plant assets. Land $ 5,073,000 Buildings $26,580,000 Less: Accumulated depreciation-buildings 20,165,175 6,414,825 Equipment 67,640,000 Less: Accumulated depreciation equipment 8,455.000 59,185,000 Total plant assets $70,672,825 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,720,200. May 1 Sold equipment that cost $1,014,600 when purchased on January 1, 2016. The equipment was sold for $287,470. June 1 Sold land for $2,705,600. The land cost $1,691,000....
At December 31, 2022, Swifty Corporation reported the following plant assets. Land $ 4,353,000 Buildings $26,720,000 Less: Accumulated depreciation—buildings 17,303,175 9,416,825 Equipment 58,040,000 Less: Accumulated depreciation—equipment 7,255,000 50,785,000 Total plant assets $64,554,825 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,192,200. May 1 Sold equipment that cost $870,600 when purchased on January 1, 2016. The equipment was sold for $246,670. June 1 Sold land for $2,321,600. The land cost $1,451,000. July 1 Purchased equipment for...
Problem 9-2A (Part Level Submission) At December 31, 2017, Arnold Corporation reported the following plant assets. Land $ 3,000,000 Buildings $26,500,000 Less: Accumulated depreciation—buildings 11,925,000 14,575,000 Equipment 40,000,000 Less: Accumulated depreciation—equipment 5,000,000 35,000,000 Total plant assets $52,575,000 During 2018, the following selected cash transactions occurred. Apr. 1 Purchased land for $2,200,000. May 1 Sold equipment that cost $600,000 when purchased on January 1, 2011. The equipment was sold for $170,000. June 1 Sold land for $1,600,000. The land cost $1,000,000....