Brown Company paid cash to purchase the assets of Coffee Company on January 1. 2019. Information is as follows: Total cash paid 54.500.000 Assets acquired: Land 3800 .000 Building 570'0T0'0'0' Mad1inery W Patents W The building is depreciated using the doubledeclining balance method. Other information is: Salvage value 370 .000 Etimated useful life in years EU The machinery is depreciated using the units-of-production method. Other inammation is: Salvage value. percentage of cost 1095 Estimated total production output in T00'.000' Actual production in units was as 2019 20.000 2020 @000 2021 333.000 The patents are amortized on a straightline basis. They have no salvage value. Btimated useful life of patents in 40 On December 31. 2020. the value ofth-e patents was estimated to be 5100 I000 Where applicable. the company uses the 14 year rule to calculate depreciation and amortization expense in the years of acquisition and disposal. Its scal year-end is December 31. The machinery was traded on December 2. 2021 for new machinery. Other information is: Fair value of old machinery $400 .000 Trade-in allowance W List price for new machinery 3340.000 Estimated useful life of new machinery in Btimated salvage value of new W The new machinery is depreciated using the straightline method and On August 14. 2023. an addition was made. This amount was material. Other relevant information is as follows: Amount of addition. paid in cash 3400.000 Number of years of useful life from 2023 {original machinery and addition}: 20 Salvage value. percentage of addition 1096 Required: Prepare jOLlTI-EI entries to record: The puchaseoftheasseisofOoffee. Depreciation and amortization expense on the purchased assets for 2019. The decline {if any) in value of the patents at December 31 The tradein of the old machinery and purchase of the new Depreciation on the new machinery for 2021. Cost of the addition to the machinery on August 14. 2023. 7 Depreciation on the new machinery for 2023. Dim-FNMA