Freight and unloading$12,840Provincial sales taxes30,100GST (recoverable)21,500Installation25,7304. Expenditures totalling $94,550 were made for new parking lots, streets, and sidewalks at the corporation's various plant locations. These expenditures had an estimated useful life of 16 years.5. A piece of equipment that cost $79,900 on January 1, 2015, was scrapped on June 30, 2023. Double-declining-balance depreciation had been recorded based on a 10-year life.6. A piece of equipment. was sold for $19,540 on July 1, 2023. Its original cost was $44,020 on January 1, 2020, and it was depreciated on the straight-line basis over an estimated useful life of 7 years, assuming a residual value of $1,530.(a) Calculate the balance at December 31, 2023 in each of the following accounts: Land, Land Improvements, Buildings, and Equipment. (Hint: Ignore the related accumulated depreciation accounts.)

Novak Corporation prepares financial statements in accordance with IFRS. Selected accounts included in the property, plant, and equipment section of the company's statement of financial position at December 31, 2022, had the following balances: Land $300,410 Land Improvements 140,210 Buildings 1,100,270 Equipment 960,170 During 2023, the following transactions occurred: 1. A tract of land was acquired for $150,290 as a potential future building site. 2. A plant facility consisting of land and a building was acquired from Knorman Corp. for use in production in exchange for 19,710 of Novak's common shares. The most recent sale of Novak's common shares took place one month earlier, when 3,770 of Novak's common shares sold for $58 per share. The plant facility was carried on Knorman's books at $110,000 for land and $320,230 for the building at the exchange date. At the exchange date, a reliable, independent valuator determined the fair value of the land and building to be $230,010 and $690,050 respectively. 3. Equipment was purchased for a total cost of $430,000. Additional costs incurred were as follows