Question
At December 31, 2016, Tamarisk Ltd. reported the following as plant assets. Land 3,067,000 Buildings 26,408,000 Less: Accumulated depreciation-buildings 12,980,000 13,428,000 Equipment 40,287,000 Less: Accumulated
At December 31, 2016, Tamarisk Ltd. reported the following as plant assets. Land 3,067,000 Buildings 26,408,000 Less: Accumulated depreciation-buildings 12,980,000 13,428,000 Equipment 40,287,000 Less: Accumulated depreciation-equipment 4,764,000 35,523,000 Total plant assets 52,018,000 During 2017, the following selected cash transactions occurred. Mar. 1 Purchased land for 2,358,000. April 1 Sold equipment that cost 404,000 when purchased on January 1, 2013. The equipment was sold for 238,360. June 1 Sold land purchased on June 1, 2007, for 1,587,000. The land cost 305,000. Oct. 1 Purchased equipment for 2,134,000. Dec. 31 Retired equipment that cost 355,000 when purchased on December 31, 2007. No residual value was received.
I need the red part only
Question 9 At December 31, 2016, Tamarisk Ltd. reported the following as plant assets. 3,067,000 13,428,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation- equipment Total plant assets 26,408,000 12,980,000 40,287,000 4,764,000 35,523,000 52,018,000 During 2017, the following selected cash transactions occurred. Mar. 1 April 1 June 1 Oct. 1 Dec. 31 Purchased land for 2,358,000. Sold equipment that cost 404,000 when purchased on January 1, 2013. The equipment was sold for 238,360. Sold land purchased on June 1, 2007, for 1,587,000. The land cost 305,000. Purchased equipment for 2,134,000. Retired equipment that cost 355,000 when purchased on December 31, 2007. No residual value was received. Your answer is partially correct. Try again. Prepare the plant assets section of Tamarisk's statement of financial position at December 31, 2017. (List Property, plant and equipment in order of land, buildings and equipment.) TAMARISK COMPANY Partial Statement of Financial Position December 31, 2017 Property, Plant and Equipment Land 5120000 Buildings 26,408,000 Less V Accumulated Depreciation 13508160 Equipment 41662000 Less V Accumulated Depreciation 8289050 * Total Property, Plant and EquipmentStep by Step Solution
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