Brown Company paid cash to purchase the assets of Coffee Com on January 1. 2019. Information is as follows: Total cash paid $3,500,000 Assets acquired: Land $800,000 Building $500.000 Machinery $900,000 Patents $500.000 The building is depreciated using the double-declining balance method. Other information is: Salvage value $50,000 Estimated useful life in years 40 The machinery is depreciated using the units-of-production met Other information is: Salvage value, percentage of cost 10% Estimated total production output in 200.000 Actual production in units was as 2019 40,000 2020 80.000 2021 20.000 The patents are amortized on a straight-line basis. They have n Estimated useful life of patents in 30 On December 31, 2020, the value of the patents was estimated to be $100,000 Where applicable, the company uses the 1% year rule to calculat depreciation and amortization expense in the years of acquisitio and disposal. Its fiscal year-end is December 31. The machinery was traded on December 2, 2021 for new machi Other information is: Fair value of old machinery $240,000 Trade-in allowance $288.000 List price for new machinery $403.200 Estimated useful life of new machinery in 20 Estimated salvage value of new $8.064 The new machinery is depreciated using the straight-line metho On August 14. 2023, an addition was made. This amount was material. Other relevant information is as follows