h$.$ Record Depreciation on Tangible Assets

Depreciation of the tangible $($fixed$)$ assets is calculated on an annual basis using the straight$-$line method. Other than the leased asset in $$g$,$ there were NO purchases or sales of assets during the year.

In the Excel spreadsheet, see the tab labelled $$Fixed Assets$$ to perform depreciation calculations.

Accumulated Depreciation Accumulated

Asset Acquisition Useful Depreciation Expense Depreciation Adjustments

Category Number Description Date Life $($Yrs$)$ Cost to $12/31/$Y$5$ Y$6$ to $12/31/$Y$6$ to $12/31/$Y$6$ NBV

Land $1$ acre $-11$th Line $05/31/$Y$4525,000\mathrm{.}00-$

$401$ Main Street $09/01/$Y$3355,000\mathrm{.}00-$

$\mathrm{.}5$ acre $402$ Main Street $09/01/$Y$320,000\mathrm{.}00-$

$900,000\mathrm{.}00-----$

Building

$2015-01401$ Main Street $09/01/$Y$3402,055,000\mathrm{.}00873,375\mathrm{.}00$

$2015-09410$ Main Street $02/1/$Y$440150,000\mathrm{.}0063,375\mathrm{.}00$

$2016-09406$ Main Street $08/1/$Y$440945,000\mathrm{.}00363,825\mathrm{.}00$

$3,150,000\mathrm{.}001,300,575\mathrm{.}00----$

Equipment

Y$4-022013$ Ford F$150$ Truck $02/01/$Y$4612,500\mathrm{.}0010,069\mathrm{.}44$

Y$4-032014$ Dodge Ram Truck $03/31/$Y$4615,600\mathrm{.}0010,833\mathrm{.}33$

Y$4-04$ Toro lawn mower $06/30/$Y$442,300\mathrm{.}001,437\mathrm{.}50$

Y$4-052007$ John Deere Excavator $09/01/$Y$41225,000\mathrm{.}004,861\mathrm{.}11$

Y$4-062009$ Cat Backhoe $09/01/$Y$41212,300\mathrm{.}002,391\mathrm{.}67$

Y$4-072004$ Case Tractor $10/01/$Y$4129,800\mathrm{.}001,837\mathrm{.}50$

Y$4-083$ wagons $10/01/$Y$443,000\mathrm{.}001,687\mathrm{.}50$

Y$5-102018$ Chev Truck $03/01/$Y$5635,600\mathrm{.}0010,877\mathrm{.}78$

Y$5-112010$ Toyota Tundra $05/31/$Y$5618,750\mathrm{.}004,947\mathrm{.}92$

Y$5-122017$ Kenworth $07/31/$Y$56225,500\mathrm{.}0053,243\mathrm{.}06$

Y$5-132015$ Loader $08/01/$Y$51218,165\mathrm{.}002,144\mathrm{.}48$

Y$5-141996$ Grader $12/01/$Y$5127,200\mathrm{.}00650\mathrm{.}00$

Y$5-15$ Flat$-$bed Trailer $12/01/$Y$51212,300\mathrm{.}001,110\mathrm{.}42$

$398,015\mathrm{.}00106,091\mathrm{.}70----$

Right of Use Asset

Leased Machine PV

TOTAL $ $4,448,015\mathrm{.}00$ $ $1,406,666\mathrm{.}70$ $ $-$ $ $-$ $ $-$ $ $-$

make any required calculations and prepare journal entries