At January 1, 2017, Oriole Company reported the following property, plant, and equipment accounts Accumulated depreciationbuildings $63,650,000 Accumulated depreciationequipment 55,300,000 Buildings 97,500,000 Equipment 151,000,000 Land 22,900,000 The company uses straight line depreciation for buildings and equipment, its year end is December 31, and it makes adjustments annually The buildings are estimated to have a 40 year useful life and no salvage value the equipment is estimated to have a 10 year useful life and no salvage value During 2017, the following selected transactions occurred Apr 1 Purchased land for $4 10 million Paid $1 025 million cash and issued a 3 year, 6 note payable for the balance Interest on the note is payable annually each April 1 May 1 Sold equipment for $260,000 cash The equipment cost $2 82 million when originally purchased on January 1, 2009 June 1 Sold land for $5 60 million Received $800,000 cash and accepted a 3 year, 5 note for the balance The land cost $1 60 million when purchased on June 1, 2011 Interest on the note is due annually each June 1 July 1 Purchased equipment for $2 80 million cash Dec 31 Retired equipment that cost $1 million when purchased on December 31, 2007 No proceeds were received (u) Er werkt Pressrummery that I did the pris Nent, and cruipment blenderworry, 2017 Transaction Causes decrease in scars, resor Stockholders Cutty, nice a necutives for parentheses) in montar the amount entered for the particwar Asset My arwy em that was rewed) Assets Uabilities Stockholders' Equity Hetained larning CH I Neel in He Land Bilim Muum Dr H I Iquipment Meram Depar Tip Iulereal Payal Nala Payulike monok M III Tivi I 32 100 000 97 500 000 249 690 600 TEL 0 600 55 300,000 Click if you would like the Work lur hinum De Wak SUNWI ISTCHACCHINTS SUICI SCHLITICI LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEOSTOR PROBLEM VIDEO STAR PROBLEM Alempia al AN www bullir lielu usury rzular (0) (eu folic il tv, lilibisex khulk tx'rquily, piloti v mulie wiw (w parents) in front of them were for the purtrawler wil, Calvibiy urhquily alcun Il ex rex 191 ) NimAlmil tamily Kalains Ear Cash Notes Rec Interest Rec Land Buildings Acculli Depr Bidys Equipment Accum Dept Equip Interest Payable Notes Royable Colon Stock Revenge Experise Dividend Jan 1 $ 2013, $ 5 $ Mary 1 Nur 1 Cunca H TH 31 Click if you would like to Show Work for this questioni Ocon Snow Werk

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At January 1, 2017, Oriole Company reported the following property, plant, and equipment accounts: Accumulated depreciationbuildings $63,650,000 Accumulated depreciationequipment 55,300,000 Buildings 97,500,000 Equipment 151,000,000 Land

At January 1, 2017, Oriole Company reported the following property, plant, and equipment accounts:

Accumulated depreciationbuildings		$63,650,000
Accumulated depreciationequipment		55,300,000
Buildings		97,500,000
Equipment		151,000,000
Land		22,900,000

The company uses straight-line depreciation for buildings and equipment, its year-end is December 31, and it makes adjustments annually. The buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. During 2017, the following selected transactions occurred:

Apr. 1		Purchased land for $4.10 million. Paid $1.025 million cash and issued a 3-year, 6% note payable for the balance. Interest on the note is payable annually each April 1.
May 1		Sold equipment for $260,000 cash. The equipment cost $2.82 million when originally purchased on January 1, 2009.
June 1		Sold land for $5.60 million. Received $800,000 cash and accepted a 3-year, 5% note for the balance. The land cost $1.60 million when purchased on June 1, 2011. Interest on the note is due annually each June 1.
July 1		Purchased equipment for $2.80 million cash.
Dec. 31		Retired equipment that cost $1 million when purchased on December 31, 2007. No proceeds were received.

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(u) Er werkt Pressrummery that I did the pris. Nent, and cruipment blenderworry, 2017 Transaction Causes decrease in scars, resor Stockholders Cutty, nice a necutives for parentheses) in montar the amount entered for the particwar Asset My arwy em that was rewed) Assets Uabilities Stockholders' Equity Hetained larning CH I Neel in He Land Bilim Muum. Dr. H. I Iquipment Meram. Depar. Tip. - Iulereal Payal Nala Payulike: monok. M III Tivi I.! 32.100.000 97.500.000 249.690.600 TEL.0.600 -55 300,000 Click if you would like the Work lur hinum De Wak SUNWI ISTCHACCHINTS SUICI SCHLITICI LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEOSTOR PROBLEM VIDEO: STAR PROBLEM Alempia al AN www.bullir lielu usury rzular (0). (eu folic : il tv, lilibisex khulk tx'rquily, piloti v mulie: wiw (w parents) in front of them were for the purtrawler wil, Calvibiy urhquily alcun Il ex rex 191.) NimAlmil" tamily Kalains Ear Cash + Notes Rec + Interest Rec. + Land Buildings Acculli. Depr. Bidys.. Equipment Accum. Dept. - Equip. - Interest Payable + Notes Royable + Colon Stock + Revenge Experise Dividend Jan. 1 $ 2013, + $ 5 $ Mary 1 Nur 1 Cunca | H || TH. 31 Click if you would like to Show Work for this questioni Ocon Snow Werk