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19. On August 1, Energy Company purchased a coal digging machine in exchange for $30,000 cash and 100 shares of AT common stock held by
19. On August 1, Energy Company purchased a coal digging machine in exchange for $30,000 cash and 100 shares of AT common stock held by Energy Company as an investment. Energy Company originally paid S5,000 for the AT common stock which on August 1 had a market value of S4,200. Installation cost was S700 and shipping cost was $200. Required: The dollar amount to be added to the machinery asset account is S 20 Johnson Company acquires land and building for $4,000,000 including all fees related to the acquisition. At the date of acquisition the land is appraised at $2,700,000 and the building at S2,100,000. The building was renovated subsequent to acquisition at a cost of $ 750,000. Required: The dollar amount to be added to the building asset account is $
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