5 Paste Calibri BIUN Ho A Clipboard B IN C Font D N A A ab Wrap Text Merge & Cent Alignment Brown Company paid cash to purchase the assets of Coffee Company on January 1, 2019. Information is as follows: Total cash paid Assets acquired: Land Building Machinery Patents $3.500.000 $800.000 5500.000 5500.000 5500.000 The building is depreciated using the double-declining balance method. Other information is: Salvage value Estimated useful life in years $50.000 40 The machinery is depreciated using the units-of-production method. Other information is Salvage value, percentage of cost Estimated total production output in Actual production in units was as 2019 2020 2021 1096 40.000 20.000 The patents are amortized on a straight-line basis. They have no salvage valu Estimated useful life of patents in On December 31, 2020, the value of the patents was estimated to be Where applicable, the company uses the 30 $100.000 year rule to calculate depreciation and amortization expense in the years of acquisition and disposal. Its fiscal year-end is December 31. The machinery was traded on December 2, 2021 for new machinery Other information is Fair value of old machinery Trade-in allowance Required Ant. Entries Copyright Ready Accessibility: investigate Type here to search $240.000 $288,000