ing plant must counteLand, Buldings, and Equipment with a separato seumulated depreciation account for each of these except land. Blair completed the following reaction the transactions) More info ped amounts to the nearest colle) end 7.000 inch Requirement 1. Record the transactions in Bars journal Jan 3 Traded in equipment with accumulated depreciation of $63,000 (cost of $130,000) for similar new equipment with a cash cost of $171.000. Received a trade-in allowance of $71,000 on the old equipment and paid $100,000 in cash Jun 30 Sold a building that had a cost of 5635,000 and had accumulated depreciation of $170,000 through December 31 of the preceding year. Depreciation is computed on a straight-line basis. The building has a 40-year useful life and a residual value of $295.000 Blair received $135,000 cash and a $325,750 note receivable Oct 31 Purchased land and a building for a single price of $340,000 cash. An independent appraisal valued the land at $108,900 and the building at $254,100 Dec 31 Recorded depreciation as follows Equipment has an expected use of five years and an estimated residual value of 6% of cost. Depreciation is computed using the double-declining-balance method Depreciation on buildings is computed using the straight line method. The new building carries a 40-year useful life and a residual van equal to 10% of its cost Print Done Banda fe on the building through June 30 Print Done Cice mathe On account and buldiga, and Equipment with a part oled open mount torth of a land has come to be tong was w the trans) Requirement or the actions in Marmalade. there anymore Jased in ontwih med of 2.000 10.000 forint with the folder Jual Entry Date Account D C 10.000 Jun 30 so bargada com os and has come precioso.000 become to the preceding year. Depend on the light Pidal value of 25.000 cerved $135 COD and 525.76 Before we con of the building wat record the prison pourere year any long deprecated Joumal Entry Dat Ace Jun 10 Now or the sale of the building mal Read the Now moord the sale of the building Journal by Accounts Date Det Credit June 30 On Purchased and and a building for single price of $40.000 mar. An independent appraisal vatand the end 50.000 and he building $254.10. Joumal Entry Accounts Dan Det Credit Oct 30 Decantepecial serta life of years and animated residuales con Depron incomoted on the double dediming balance method Property to recorden on me December 31 Journal Entry Account Dute Debat Cred Dec 11 Date Account Debit Credit Oct 31 Dec 21 Egent has an expected of 5 years and an estimated deloc. Depois de doble-deding mode to andre December 31 Jumal Entry Account Dale Dec 11 Credit Dec 3 Depreciation on computed by the whole matrod. The new building cars de Wandel due estos e as como erection on building and your Benrustwort Journal Entry Date ANT Debit Crec Dec 31