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Balance sheet presentation of property, plant and equipment B-10.01 The following selected account balances were taken from the general ledger of Vance Corporation as of
Balance sheet presentation of property, plant and equipment B-10.01 The following selected account balances were taken from the general ledger of Vance Corporation as of December 31, 20x7. Examine this information and prepare the property, plant, and equipment section of the company's balance sheet. All accounts listed carry a normal balance. Land $ 500,000 1,650,000 2,860,000 472.000 Buildings Equipment Accumulated depreciation: Buildings Accumulated depreciation Equipment Depreciation expense: Buildings Depreciation expense: Equipment 1,333,400 125,000 278,111
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