Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Buildings Equipment Furniture Land Land Improvements Total Cost At January 1, 2020 Additions Disposal 15,316,200 4,457,785 18,967,224 9,872,050 7,820,640 56,433,899 5,888,910 1,601,510 14,369,270 2,361,350 2,041,930

Buildings Equipment Furniture Land Land Improvements Total Cost At January 1, 2020 Additions Disposal 15,316,200 4,457,785 18,967,224 9,872,050 7,820,640 56,433,899 5,888,910 1,601,510 14,369,270 2,361,350 2,041,930 26,262,970 0 0 0 0 0 0 At December 31, 2020 21,205,110 6,059,295 33,336,494 12,233,400 9,862,570 82,696,869 Accumulated Depreciation At January 1, 2020 465,268 798,879 3,421,627 Depreciation expense 530,143 Disposal 0 At December 31, 2020 995,411 798,879 5,735,721 530,143 0 0 0 0 0 3,421,627 0 1,049,947 6,265,864 0 1,049,947 Carrying Amount At January 1, 2020 14,850,932 3,658,906 15,545,597 9,872,050 At December 31, 2020 6,770,693 50,698,178 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Strayer University

Authors: Strayer University

3rd Custom Edition

0077234804, 978-0077234805

More Books

Students also viewed these Accounting questions