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answer please Exercise 1 Chapter 10 Property Plant & Equipment (PPE) Classification of the following transactions in the appropriate accounts: (A) Land, (B) Land improvement.
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Exercise 1 Chapter 10 Property Plant & Equipment (PPE) Classification of the following transactions in the appropriate accounts: (A) Land, (B) Land improvement. (C) Building. (D) Machinery and Equipment (E) Accumulated Depreciation Jokatie Corp. incurred the following costs in 2025 $4.000 800 2.300 2500 Date 2021 january 12 9 february March 15 25 march June 30 19 July 6 August 2 Se 9 octer Transaction Sales Tax (IVU) on the purchase of machinery for the factory Paint and wrap a truck immediately after purchase Installation and testing of machinery for the factory Commission paid to the selling agent on the purchase of land Insurance premium paid for the first year of insurance on the new truck Cost to fix the land of the purchased property Cost for paving the parking lot of the new building under construction Cost of cleaning, draining and filling the land Architect's fees in the construction of the building by the same company 500 8.300 19.400 +2.500 12.000 Instructions Indicate the letter of the account that Jokarie must debit for the cost of each of these transactions Exercise 2 Chapter 10 Property Plant & Equipment (PPE) On May 1, 2021. Roprin Corp. acquired a property (land and Old Building) where it plans to build a building for commercial premises. Roprin paid $90,000 in cash. The Old Building that was on the property was demolished at a cost of 510,200, the debris material was sold for $2,200. Additional costs incurred in the acquisition of this property include, 92.300 for legal fees, 54,500 for commissions paid to the listing agent, $10,400 for architect's fees, and $12,000 for parking. lighting and streets Instructions: (a) Determine the amount to be presented in Roprin's Financial Statements for the cost of the Land Transaction description Quantity (b) For each cost that was not used for the Land account, indicate the account to be debited. Description Transaction Quy Step by Step Solution
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