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both pictures are one problem. need help solving for land, land improvement, building and equipment Selected accounts included in the property, plant, and equipment section

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image text in transcribedboth pictures are one problem. need help solving for land, land improvement, building and equipment
Selected accounts included in the property, plant, and equipment section of Cullumber Corporation's balance sheet at December31, 2016, had the following balances Land $324,000 151,200 Land improvements Buildings Equipment 1,188,000 1,036,800 During 2017, the following transactions occurred 1. Atract of land was acquired for $162.000 as a potential future building site 2. Aplant facility consisting of land and building was acquired from Mendota Company in exchange for 21,600 shares of Cullumber's common stock. On the acquisition date, Cullumber's stock had a closing market price of $37 per share on a national stock exchange. The plant ecility was carried on Mendota's books at $118,800 for land and $345,600 for the building at the exchange date. Current appraised values for the land and building respectively, are $248,400 and $745.200. 3. Items of machinery and equipment were purchased at a total cost of $432.000. Additional costs were incurred as follows. Freight and unloading Sales taxes $14,040 21,600 28,080 Installation 4. Expenditures totaling $102,600 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 15 years. 5. Amachine costing $86,400 on January 1, 2009, was scrapped on June 30, 2017. Double-declining-balance depreciation has been recorded on the basis of a 10-year life. 6 Amachine was sold for $21.600 on July 1,2017. Original cost of the machine was $47,520 on January 1,2014, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $2,160 OO Freight and unloading $14,040 Sales taxes 21,600 Installation 28,080 4. Expenditures totaling $102.600 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 15 years. 5. Amachine costing $86.400 on January 1.,2009, was scrapped on June 30, 2017. Double-declining-balance depreciation has been recorded on the basis of a 10-ye life. 6. Amachine was sold for $21.600 on July 1,2017. Original cost of the machine was $47.520 on January 1,2014, and it was depreciated on the straight-line basis ove an estimated useful life of 7 years and a salvage value of $2.160. (a) Calculate the balance at December 31, 2017 in each of the following balance sheet accounts.(Hint Disregard the related accumulated depreciation accounts) Balance at December 31,2017 $ Land $ Land Improvements Buildings $ Equipment eTextbook and Media

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