At December 31, 2016, certain accounts included in the property, plant, and equipment section of Bramble Companys balance sheet had the following balances Land $239,700 Buildings 909,800 Leasehold improvements 665,400 Equipment 880,700 During 2017, the following transactions occurred 1 Land site number 621 was acquired for $850,100 In addition, to acquire the land Bramble paid a $55,700 commission to a real estate agent Costs of $38,700 were incurred to clear the land During the course of clearing the land, timber and gravel were recovered and sold for $22,400 2 A second tract of land (site number 622) with a building was acquired for $423,400 The closing statement indicated that the land value was $302,200 and the building value was $121,200 Shortly after acquisition, the building was demolished at a cost of $40,900 A new building was constructed for $330,100 plus the following costs Excavation fees $37,800 Architectural design fees 10,900 Building permit fee 2,400 Imputed interest on funds used during construction (stock financing) 8,400 The building was completed and occupied on September 30, 2017 3 A third tract of land (site number 623) was acquired for $644,400 and was put on the market for resale 4 During December 2017, costs of $88,400 were incurred to improve leased office space The related lease will terminate on December 31, 2019, and is not expected to be renewed ( Hint Leasehold improvements should be handled in the same manner as land improvements ) 5 A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines The invoice price of the machines was $87,700, freight costs were $3,300, installation costs were $2,500, and royalty payments for 2017 were $17,500 (a) Calculate the balance at December 31, 2017 in each of the following balance sheet accounts Disregard the related accumulated depreciation accounts Balance at December 31, 2017 Land $ Buildings $ Leasehold Improvements $ Equipment $

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At December 31, 2016, certain accounts included in the property, plant, and equipment section of Bramble Companys balance sheet had the following balances. Land $239,700

At December 31, 2016, certain accounts included in the property, plant, and equipment section of Bramble Companys balance sheet had the following balances.

Land		$239,700
Buildings		909,800
Leasehold improvements		665,400
Equipment		880,700

During 2017, the following transactions occurred.

1.		Land site number 621 was acquired for $850,100. In addition, to acquire the land Bramble paid a $55,700 commission to a real estate agent. Costs of $38,700 were incurred to clear the land. During the course of clearing the land, timber and gravel were recovered and sold for $22,400.
2.		A second tract of land (site number 622) with a building was acquired for $423,400. The closing statement indicated that the land value was $302,200 and the building value was $121,200. Shortly after acquisition, the building was demolished at a cost of $40,900. A new building was constructed for $330,100 plus the following costs.

Excavation fees		$37,800
Architectural design fees		10,900
Building permit fee		2,400
Imputed interest on funds used during construction (stock financing)		8,400

The building was completed and occupied on September 30, 2017.

3.		A third tract of land (site number 623) was acquired for $644,400 and was put on the market for resale.
4.		During December 2017, costs of $88,400 were incurred to improve leased office space. The related lease will terminate on December 31, 2019, and is not expected to be renewed. (Hint:Leasehold improvements should be handled in the same manner as land improvements.)
5.		A group of new machines was purchased under a royalty agreement that provides for payment of royalties based on units of production for the machines. The invoice price of the machines was $87,700, freight costs were $3,300, installation costs were $2,500, and royalty payments for 2017 were $17,500.

(a) Calculate the balance at December 31, 2017 in each of the following balance sheet accounts. Disregard the related accumulated depreciation accounts.