Account Titles and Explanation Debit Credit Depreciation Expense 666000 Accumulated Depreciation-Buildings C C 6 66000 Accumulated Depreciation-Buildings (To record depreciation on buildings.) Depreciation Expense 7343675 Accumulated Depreciation-Equipment 7343675 (To record depreciation on equipment.) At December 31, 2022, Riverbed Corporation reported the following plant assets. Land $5,613,000 Buildings $26,640,000 Less: Accumulated depreciation-buildings 22,311,675 4,328,325 Equipment 74,840,000 Less: Accumulated depreciation-equipment 9,355,000 65,485,000 Total plant assets $75,426,325 During 2023, the following selected cash transactions occurred. Apr. 1 Purchased land for $4,116,200. May 1 Sold equipment that cost $1,122,600 when purchased on January 1, 2016. The equipment was sold for $318,070. June 1 Sold land for $2,993,600. The land cost $1,871,000. July 1 Purchased equipment for $2,058,100. Dec. 31 Retired equipment that cost $1,309,700 when purchased on December 31, 2013. No salvage value was received. RIVERBED CORPORATION Partial Balance Sheet December 31, 2023 Plant Assets Land 7858200 Buildings $ 26,640,000 A Accumulated Depreciation-Buildings 26,640,000 21645675 Less : 4994325 Equipment 7109800 Less 4 : Less | Accumulated Depreciation Equipment Total Plant Assets