K Brown Company paid cash to purchase the assets of Coffee Company on January 1, 2019. Information is as follows: Total cash paid $3.500.000 Assets acquired: Land S800,000 Building $500,000 Machinery 5900,000 Patents $500.000 The building is depreciated using the double-declining balance method. Other information is: Salvage value S50,000 Estimated useful life in years 40 The machinery is depreciated using the units-of-production method Other information is: Salvage value. percentage of cost 1096 Estimated total production output in 200.000 Actual production in units was as 2019 40.000 Required Copyright nl. Entries K Brown Company paid cash to purchase the assets of Coffee Company on January 1, 2019. Information is as follows: Total cash paid $3.500.000 Assets acquired: Land S800,000 Building $500,000 Machinery 5900,000 Patents $500.000 The building is depreciated using the double-declining balance method. Other information is: Salvage value S50,000 Estimated useful life in years 40 The machinery is depreciated using the units-of-production method Other information is: Salvage value. percentage of cost 1096 Estimated total production output in 200.000 Actual production in units was as 2019 40.000 Required Copyright nl. Entries