Chapter 11 HW G Help Save& Exi Submit Saved Check my work The Thompson Corporatiorn, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (EY of $1. PV of Si. EVA of $1. PVA of S1. EVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) 10 a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition. b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $822,500 for the land and building together. cLand B was acquired on October 2, 2016, in exchange for 3,100 newly issued shares of Thompson's common stock. At the date of d. Construction of Building B on the newly acquired land began on October 1, 2017. By September 30, 2018, Thompson had paid e. Certain equipment was donated to the corporation by the city. An independernt appraisal of the equipment when donated placed f. Machine A's total cost of $111,000 Includes Installatlon charges of $560 and normal repalrs and malntenance of $11,000. Resldual g.On October 1, 2017, Machine B was acquired with a down payment of $4,100 and the remaining payments to be made in 10 annual Priit At the time of acquisition, the land had a fair value of $91,000 and the building had a fair value of $819,000. References acquisition, the stock had a par value of $5 per share and a fair value of $26 per share. During October 2016. Thompson paid $10,500 to demolish an existing building on this land so it could construct a new building $220,000 of the estimated total construction costs of $310.000. Estimated completion and occupancy are July 2019. the fair value at $16,400 and the residual value at $2,100. value is estimated at $5.500. Machine A was sold on February 1, 2018 installments of $4,100 each beginning October 1, 2018. The prevailing interest rate was 9%. Required Supply the correct amount for each answer box on the schedule. (Round your final answers to nearest whole dollar) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2017, and September 30, 2018 KPre9 of 9 Nex Chapter 11 HW G Help Save& Exi Submit Saved Check my work The Thompson Corporatiorn, a manufacturer of steel products, began operations on October 1, 2016. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel (EY of $1. PV of Si. EVA of $1. PVA of S1. EVAD of $1 and PVAD of $) (Use appropriate factor(s) from the tables provided.) 10 a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition. b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $822,500 for the land and building together. cLand B was acquired on October 2, 2016, in exchange for 3,100 newly issued shares of Thompson's common stock. At the date of d. Construction of Building B on the newly acquired land began on October 1, 2017. By September 30, 2018, Thompson had paid e. Certain equipment was donated to the corporation by the city. An independernt appraisal of the equipment when donated placed f. Machine A's total cost of $111,000 Includes Installatlon charges of $560 and normal repalrs and malntenance of $11,000. Resldual g.On October 1, 2017, Machine B was acquired with a down payment of $4,100 and the remaining payments to be made in 10 annual Priit At the time of acquisition, the land had a fair value of $91,000 and the building had a fair value of $819,000. References acquisition, the stock had a par value of $5 per share and a fair value of $26 per share. During October 2016. Thompson paid $10,500 to demolish an existing building on this land so it could construct a new building $220,000 of the estimated total construction costs of $310.000. Estimated completion and occupancy are July 2019. the fair value at $16,400 and the residual value at $2,100. value is estimated at $5.500. Machine A was sold on February 1, 2018 installments of $4,100 each beginning October 1, 2018. The prevailing interest rate was 9%. Required Supply the correct amount for each answer box on the schedule. (Round your final answers to nearest whole dollar) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2017, and September 30, 2018 KPre9 of 9 Nex