1. A company acquired a patent on 1/1/22, signing a note to pay a single lump sum of $20,000,000 in 4 years. The note is non-i borrowings corresponding to this length of time. Provide a journal entry for the acquisition at 1/1, as well as any adjustment that is required at year-end pertaining to the 2. A land development company acquired a 1,000-acre tract of land in the Montana area. The company issued 100,000 shares record the purchase of land under the following two scenarios: a. The company is publicly-traded with a market price per share of $123. b. The company is privately owned with an unidentifiable stock price; however, recent tax appraisals value the land at $11,000,0 3. A company entered an asset exchange with another company, exchanging its equipment for land owned by another company $4,100,000 at the date of the exchange. The fair value of the equipment owned by the company was assessed at $3,000,000. T exchange does not have commercial substance. Provide the journal entry for the acquisition. 4. A company received equipment as a part of a donation on 1/1. The company who donated the asset reported a book value of $5,000,000. To acquire the asset and put it to use the company made two cash expenditures, paying $10,000 in shipping costs a asset. Provide the journal entry for the acquisition of the donated asset. 4 years. The note is non-interest bearing, but the company has a risk-adjusted discount rate of 5% on all year-end pertaining to the note. hy issued 100,000 shares of its zero-par value common stock to purchase the land. Provide the journal entry to alue the land at $11,000,000 Wned by another company. The equipment had a historical cost of $7,500,000 and accumulated depreciation of ssessed at $3,000,000. The company paid $250,000 in addition to the equipment to facilitate the exchange. The reported a book value of $4,300,000 at the time of the exchange, though the assessed fair value of the asset is 10,000 in shipping costs and $31,000 to prepare the necessary foundation and structural architecture to install the 1. A company acquired a patent on 1/1/22, signing a note to pay a single lump sum of $20,000,000 in 4 years. The note is non-i borrowings corresponding to this length of time. Provide a journal entry for the acquisition at 1/1, as well as any adjustment that is required at year-end pertaining to the 2. A land development company acquired a 1,000-acre tract of land in the Montana area. The company issued 100,000 shares record the purchase of land under the following two scenarios: a. The company is publicly-traded with a market price per share of $123. b. The company is privately owned with an unidentifiable stock price; however, recent tax appraisals value the land at $11,000,0 3. A company entered an asset exchange with another company, exchanging its equipment for land owned by another company $4,100,000 at the date of the exchange. The fair value of the equipment owned by the company was assessed at $3,000,000. T exchange does not have commercial substance. Provide the journal entry for the acquisition. 4. A company received equipment as a part of a donation on 1/1. The company who donated the asset reported a book value of $5,000,000. To acquire the asset and put it to use the company made two cash expenditures, paying $10,000 in shipping costs a asset. Provide the journal entry for the acquisition of the donated asset. 4 years. The note is non-interest bearing, but the company has a risk-adjusted discount rate of 5% on all year-end pertaining to the note. hy issued 100,000 shares of its zero-par value common stock to purchase the land. Provide the journal entry to alue the land at $11,000,000 Wned by another company. The equipment had a historical cost of $7,500,000 and accumulated depreciation of ssessed at $3,000,000. The company paid $250,000 in addition to the equipment to facilitate the exchange. The reported a book value of $4,300,000 at the time of the exchange, though the assessed fair value of the asset is 10,000 in shipping costs and $31,000 to prepare the necessary foundation and structural architecture to install the