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Section l: Property, Plant and Equipment (30 points). Pay particular attention to dates. Part (18 points) Jog following table includes facts about Eleven Incorporated's

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Section l: Property, Plant and Equipment (30 points). Pay particular attention to dates. Part (18 points) Jog following table includes facts about Eleven Incorporated's PP&E_ Using the information below and in the table calculate items 1-6. It you can't figure out a number you need for the cost Oust input a number in the costso you can calculate the additional information). Land A and Building A were acquired on 4/1/2019. In connection with this purchase, Eleven's accountant tound the following information The land and building were acquired together tor a price ot S2_8M_ In addition, thev paid the following additional amounts: $60K for back taxes on the propenv, S45K for attorney's tees and $70K for the property insurance tor 4/1/19-9/1/19_ At the time of purchase, the land had a tair value ot Sl _9M and the building nad a tair value ot Sl _ 1M. Equipment A was purchased on 2/1/2019 tora costot $410,000. The company spent $16,000 on testing and installation and spent Sl 4,000 to pay the sales tax. Equipment B was purchased for $156,000 on 6/1/20. De*ciitionexpense Acqsitiondite Cost Residual Value Degeciitionkhod Estimated Life Land A BuildingA Ewipmert A Etpipnert 8 Item # S amount 2 3 4 5 6 4/1/2019 4/1/2019 1/1/2019 6/1/2020 su 2019 (3) (5) 2020 (4) 30,333 in (1) (2) 440000 156000 calculations 140000 10000 8000 Straightline DDB DDB 30

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