Ceda Co. has equipment that cost $80,000 and that has been depreciated $50,000.

f operations, the following plant asset expenditures and receipts were recorded in random order Venable Company was organized on January 1. During the first year Debit 1 Cost of filling and grading the land 4,000 Full payment to building contractor 690,000 2 3. Real estate taxes on land paid for the current year 5,000 4. Cost of real estate purchased as a plant site (land $100,000 and building $45,000) 145,000 5. Excavation costs for new building 35,000 6 Architect's fees on building plans 10,000 7 Accrued real estate taxes paid at time of purchase of real estate 2,000 8 Cost of parking lots and driveways 14,000 9 Cost of demolishing building to make land suitable for construction of new building 25,000 $930,000 Credit $3,500 10. Proceeds from salvage of demolished building Analyze the foregoing transactions using the following column headings. Insert the amounts in the appropriate columns. (If an amount reduces the account balance then enter with a negative sign preceding the number, e.g. -15,000 or parenthesis, e.g. (15,000).) Land Item Buildings Other Accounts 1 2 3 4. 5. 6. 7. 8. q. 10