ments Saved The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel: (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition b. Land A and Building A were acquired from a predecessor corporation. Thompson paid $782,500 for the land and building together. At the time of acquisition, the land had a fair value of $87,000 and the building had a fair value of $783,000. c. Land B was acquired on October 2, 2019, in exchange for 2.700 newly issued shares of Thompson's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $22 per share. During October 2019, Thompson paid $10,100 to demolish an existing building on this land so it could construct a new building. d. Construction of Building B on the newly acquired land began on October 1, 2020. By September 30, 2021, Thompson had paid $180,000 of the estimated total construction costs of $270,000. Estimated completion and occupancy are July 2022. e. Certain equipment was donated to the corporation by the city. An irdependent appraisal of the equipment when donated placed the fair value at $14,800 and the residual value at $1,700. f. Equipment A's total cost of $110,000 includes installation charges of $520 and normal repairs and maintenance of $10,700. Residual value is estimated at $4,700. Equipment A was sold on February 1, 2021. g. On October 1, 2020, Equipment B was acquired with a down payment of $3,700 and the remaining payments to be made in 10 annual installments of $3,700 each beginning October 1, 2021. The prevailing interest rate was 9% Required: Supply the correct amount for each answer box on the schedule. (Round your intermediate calculations and final answers to the nearest whole dollar.) THOMPSON CORPORATION Fixed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2020, and September 30, 2021 Assets Acquisition Date Cost Residual Depreciation Method Estimated Life In Years Depreciation for Year Ended 9/30 ezto-cl-media.meducation.com/Med ABLE 4 Present Value of an ordinary Annuity of $1 1 VA + 5.046 7,096 1096 6.09 2.596 1.544 3.596 3.04 2.044 1.04 092593 1 0.97561 0.97057 0.99010 1.97040 294099 390197 098522 1.95585 291220 355438 094340 1.83319 096616 1.1996 20164 091019 1 94156 288330 380723 093458 1 0002 192142 285602 5.5% 0.90787 154612 2.69793 095238 185941 2.72325 096 157267 274896 358753 438998 0.96154 16609 277509 3.62990 4.45182 1.70326 257710 1.91347 287881 171710 457971 0.046 10.09 11.045 11.09 20.01 091743909090.90090 089356 0.83333 1 75911 173554 71252 10900 15277 253129245685 2.44371 2.40133 210645 3.73972 1697 10245 303735 2587 3.8965379979 369590 3.60178 39906 2.67301 3 2.6202 335721 3.54595 346511 4 3.76197 4.6455 3 67308 4.51505 3 50515 427028 331213 399271 4.21236 5 410030 421918 47064 455343 47116 4.6713 5.15 5.32855 4.99553 5.24214 5.69719 6 SI$757 5.89270 6.11454 56193 5.79545 6.72819 765166 85000 5.60143 6:47199 732548 816224 698259 6.59821 7.45593 336052 5.50N13 634939 717014 797081 875206 541719 6.33033 7.01909 7.78611 53020 5.78637 6.46321 659589 60003 6.73274 7.43333 811090 633497 695230 4.76654 538929 5.97130 651523 7.00358 491731 558235 6 20979 6 80109 7.36009 8.87396 760769 831661 448591435536 4.23054 4.11141 332551 503295 436542471210 456376 3.60159 553482533493 514612496764 38376 5.99535 575902553705333815 403091 6.41766614457 588933 5650224 19247 520637 5.74664 624689 6.71005 726879 5 7.1073 7.72173 10 753763 791272 947130 7.8867 7.1356 $38384 7.49567 7.94369 335705 7.53605 885268 7.90375 ul 10.36763 10.07112 9.5141 9.25262 9.00155 8.76048 3.52393 3.30641 8.09154 12 11 25508 10 90751 10.57534 10 25776 995400 966333 938507 9.11858 886325 861852 13 12.13374 1173153 11 3837 10.98319 10 63496 10.30274 9.98565 9.68235 9.39357 911703 14 13 00370 12.54338 12.100251161091 1129607 1092052 10.563121022383 9 1956 958905 15 13.6505 1334323 1284926 12:38138 1193794 1151741 11.11539 10.73955 10379661003758 6.50519 6.49506 30653393770 431706 7.16073 61369649236 619437 441923 748690710336 67967 0.42355 453265 7.73615769698117663817 461057 806069 760608 7.1907 681086 407547 14547 9.19498 971325 9.10791 355948 3.85187 911164 9.37189 16 1471787 14.13126 13.57771 13.08500 12.56110 12.09412 11.65230 11.25402 10.03777 10.46216 10.10510 9.44665 13 15.56235 1490765 1429117 13.71230 1316612 12 65132 12.16567 11.70719 11 2707 1036461 1047726 9.76322 15 16 17 15.67256 14 99303 1435336 13.75351 1318966 12659301215999 1168959 11.34607 10.32760 10 05909 19 1722601 1643617 15 67546 147889 14.2380 13.70914 13 13394 12.59329 12.08532 11.60765 1115812 1033560 201604555 17162 1635145 1558916 1487147 14.21240 13.03 13.00794 12.46321 11.95033 11 46992 10 59001 31156 753371737916 6.07399 472956 654363 02155 75457 71198 477463 375563 330141 77016374967431219 395011835492251919 73657843400 912855851356 79633146944 480 9.60360 981113 21 18.85698 17.9014 17.011211616455 15.41502 14.6797 14.02916 13.40472 12.8205 11.27534 11.76408 10.81553 10,01650 9.29334 3.6456 3.07507 7.56200 4933 257203316 20 1961 1952H6 18.43433 1741315 16 45151 15 62208 14.63821 14.09394 13:41393 12.76336 11 61 10.67478 9 9.077048417470014494759 3035 OTTI 40154223964610-93029 19 6004 18.39205 17.29203 56.259 15 37245 1453375 176413 12 40904 1125778 10.27385 940309 809379 80551849794 32.84091991585 2735548 25.10278 23.114772135507 19.79277 1840158 17.159 1604012 1504630 1333171 11.97461 10 75736 977905 9510 35 4060 Ched my 13 e. Certain equipment was donated to the corporation by the city. An Independent appraisal of the equipment when donated placed the fair value at $14,800 and the residual value at $1,700 Equipment A's total cost of $110,000 Includes installation charges of $520 and normal repairs and maintenance of $10,700. Residual value is estimated at $4,700. Equipment A was sold on February 1, 2021 o on October 1, 2020. Equipment was acquired with a down payment of $3.700 and the remaining payments to be made in 10 annual installment of $3,700 each beginning October 1, 2021. The prevailing interest rate was 9% 10 points Required: Supply the correct amount for each answer box on the schedule. (Round your intermediate calculations and final answers to the nearest whole dollar) THOMPSON CORPORATION Faed Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2020, and feptember 30, 2021 terences Assets Aegoldan Date Cost Residual Depreciation Method Estimated Lite in Years Depreciation for Year Ended 930 $ NA 46.650 NA 78.250 704,250 $ 69,500 180,000 to date NA T NA 2020 2021 NA NA $ 13,7001 5 13.700 NA NA Land A Building A Land B Building Donated Equipment Equipment Equipment 10/1/2019 10/1/2010 10/2/2019 Under construction 10/2/2019 1012/2019 10/1/2020 not applicable Straight-line not applicable Straight-line 200% Declining balance Sum of the years digits Straight-line 30 10 14.800 90,300 27445 1,700 4.700 10 10