euIl P/UBlems Saved Help Save & Exit Submit Check my work The Thompson Corporation, 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 FVA of S1. PVA of $1. FVAD of S1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): a. Depreciation is computed from the first of the month of acquisition to the first of the month of dispositiorn. correct, you have obtained the following information from the company's records and personnel (FV of $1, PV of $1, b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $762,500 for the land and building together. At the time of acquisition, the land had a fair value of $68,000 and the building had a fair value of $782,000 stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $20 per share. During building Thompson had paid $160,000 of the estimated total construction costs of $250,000. Estimated completion and c. Land B was acquired on October 2, 2016, in exchange for 2,500 newly issued shares of Thompson's common October 2016, Thompson paid $9,900 to demolish an existing building on this land so it could construct a new d. Construction of Building B on the newly acquired land began on October 1, 2017 By September 30, 2018 e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when f. Machine A's total cost of $110,000 includes installation charges of $500 and normal repairs and maintenance of g. On October 1, 2017, Machine B was acquired with a down payment of $3,500 and the remaining payments to be occupancy are July 2019 donated placed the fair value at $14,000 and the residual value at $1,500 $10,500. Residual value is estimated at $4,900. Machine A was sold on February 1, 2018 made in 10 annual installments of $3,500 each beginning October 1, 2018, The prevailing interest rate was 8%. Required: Supply the correct amount for each answer box on the schedule. (Round your final answers to nearest whole dollar. RATION