Logan Corporation, a manufacturer of steel products, began operations on October 1, 2018. Logan's accounting department has started the fixed asset and depreciation schedule shown as follows: Depreciation Expense Year Ended September 30 Assets Acquisition Date Cost Salvage Value Depreciation Method Estimated Life in Years 2019 2020 Land A October 1, 2018 (1)____ N/A N/A N/A N/A N/A Building A October 1, 2018 (2)____ $47,500 Straight-line (3)____ $14,000 (4)____ Land B October 3, 2018 (5)____ N/A N/A N/A N/A N/A Building B Under construction $210,000 to date Straight-line 30 (6)____ Donated equipment October 3, 2018 (7)____ 2,000 150%-declining-balance 10 (8)____ (9)____ Machinery A October 3, 2018 (10)____ 5,500 Sum-of-the-years'-digits 10 (11)____ (12)____ Machinery B October 1, 2019 (13)____ Straight-line 15 (14)____ You have been asked to complete this schedule. In addition to determining that the data already on the schedule are correct, you have obtained the following information from Logan's records and personnel: Depreciation expense is computed from the first of the month of acquisition to the first of the month of disposition. Land A and Building A were acquired together for a lump-sum price of $812,500. At the time of acquisition, the land had an appraised value of $72,000, and the building had an appraised value of $828,000. Land B was acquired on October 3, 2018, in exchange for 3,000 newly issued shares of Logan's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $25 per share. During October 2018, Logan paid $10,400 to demolish an existing building on this land so that it could construct a new building. Construction of Building B on the newly acquired land began on October 2, 2019. By September 30, 2020, Logan had paid $210,000 of the estimated total construction costs of $300,000. Estimated completion and occupancy are July 2021. Certain equipment was donated to the corporation by a local university. An independent appraisal of the equipment when donated placed the fair value at $16,000 and the salvage at $2,000. Machinery A's total cost of $110,000 includes installation expense of $550 and normal repairs and maintenance of $11,000. Salvage value is estimated at $5,500. Machinery A was sold on February 1, 2020. On October 1, 2019, Machinery B was acquired with a down payment of $4,000 and the remaining payments to be made in 10 annual installments of $4,000 each beginning October 1, 2020. The prevailing interest rate was 10%. The data that follow were abstracted from present value tables: Present Value of $1.00 at 10% Present Value of Annuity of $1.00 in Arrears at 10% 10 years 0.386 10 years 6.145 11 years 0.350 11 years 6.495 15 years 0.239 15 years 7.606 Required: For each numbered item in the schedule, supply the correct amount next to the corresponding number. Round your answers to the nearest dollar. If an amount is zero, enter "0". $ fill in the blank 1 $ fill in the blank 2 fill in the blank 3 years $ fill in the blank 4 $ fill in the blank 5 $ fill in the blank 6 $ fill in the blank 7 $ fill in the blank 8 $ fill in the blank 9 $ fill in the blank 10 $ fill in the blank 11 $ fill in the blank 12 $ fill in the blank 13 $ fill in the blank 14 Check My Work1 more Check My Work uses remaining