11. Rockhead Stone & Quarry acquired a gravel extraction company for $200,000. The assets acquired and their appraised (i.e., market) values were: ABCDE A. A. B. C. D. E. B. In addition, the company paid $5,000 to get the bulldozer in working condition and $25,000 to replace the engine in the forklift. The amount that is recorded as the cost of the bulldozer in the company's balance sheet is equal to: C. D. E. A. B. C. D. E. ASSET Truck A. B. C. D. Bulldozer Forklift A. B. C. D. E. Total $44,800 $49,280 $51,520 The account type and normal balance for the account treasury stock would be: a contra equity account with a normal debit balance an equity account with a normal credit balance an asset account with a normal debit balance an equity account with a normal debit balance a contra equity account with a normal credit balance $49,800 $35,920 At the beginning of a lease, the lessee should record: APPRAISED VALUE $ 63,800 $ 49,280 $106,920 $220,000 Equipment is depreciated because a leased asset a lease liabilit