Brown Company paid cash to purchase the assets of Coffee Company

on January $1,2019.$ Information is as follows:

Total cash paid

Assets acquired:

Land

Building

Machinery

Patents

The building is depreciated using the double$-$declining balance

method. Other information is:

Salvage value

Estimated useful life in years

The machinery is depreciated using the units$-$of$-$production method.

Other information is:

Salvage value, percentage of cost

Estimated total production output in

Actual production in units was as

The patents are amortized on a straight$-$line basis. They have no salvage valu:

Estimated useful life of patents in

On December $31,2020,$ the value of the

patents was estimated to be

$$100,000$

Where applicable, the company uses the $\frac{1}{2}$ year rule to calculate

depreciation and amortization expense in the years of acquisition

and disposal. Its fiscal year$-$end is December $31.$

The machinery was traded on December $2,2021$ for new machinery.

Other information is:

Fair value of old machinery

Trade$-$in allowance

List price for new machinery

Estimated useful life of new machinery in

Estimated salvage value of new

GENER$$L JOLURN$$L

On August $14,2023,$ an addition was made. This amount was

material. Other relevant information is as follows:

Amount of addition, paid in cash $$100,000$

Number of years of useful life from $2023$

$($original machinery and addition$)$:

Salvage value, percentage of addition

Required: Prepare journal entries to record:

$1$ The purchase of the assets of Coffee.

$2$ Depreciation and amortization expense on the purchased assets for $2019.$

$3$ The dedine $($if any$)$ in value of the patents at December $31$

$4$ The trade$-$in of the old machinery and purchase of the new

$5$ Depreciation on the new machinery for $2021.$

$6$ Cost of the addition to the machinery on August $14,2023.$

$7$ Depreciation on the new machinery for $2023.$