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Can you help me finish the plant assets section of Arnolds balance sheet. Thank you. Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook Problem 9-2A

Can you help me finish the plant assets section of Arnolds balance sheet. Thank you. image text in transcribed
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Kimmel, Accounting, 6e Assignment Gradebook ORION Downloadable eTextbook Problem 9-2A At December 31, 2017, Arnold Corporation reported the following plant assets. Land $ 3,000,000 $26,500,000 11,925,000 14,575,000 40,000,000 Less: Accumulated depreciation-buildings 5,000,000 35,000,000 depreciation-equipment $52,575,000 During 2018, the following selected cash transactions occurred Apr.1 May 1 June 1 July 1 Dec. 31 Purchased land for $2,200,000. Sold equipment that cost $600,000 when purchased on January 1, 2011. The equipment was sold for $170,000. Sold land for $1,600,000. The land cost $1,000,000. Purchased equipment for $1,100,000. Retired equipment that cost $700,000 when purchased on December 31, 2008. No salvage value was received. Your answer is partially correct. Try again. ournalize the a 10-year useful life and no salvage value. Update depreciation on assets dis titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry ctions. Arnold uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 40-y posed of at the time of sale or retirement. (Record entries

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