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only answer boxes on the second slide not the first. quick response please 10 years 10 years Northstar Corp's property, plant and equipment subledger at

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image text in transcribed only answer boxes on the second slide not the first. quick response please
10 years 10 years Northstar Corp's property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost Information Depreciation/Amortization Amort Accum Balance Expense for Accum. Balance Description Purchase Date Method Cost Residual Life Dec 31, 2013 2014 Dec 31, 2014 Furniture November 1, 2012 SIL 221,400 17.400 Machinery July 1, 2013 DDB 228,000 36,100 Trucks September 1, 2012 Units 619,000 10,000 1,218,000 km Building January 1, 2012 S/L 61,300 7.300 6 years Equipment July 1, 2013 S/L 228,500 12,500 Patents September 1, 2011 S/L 216,000 0 Boats May 2, 2014 DDB 33,250 4,000 Equipment May 2, 2014 DDB 23,750 3,000 4 years 10 years 10 years 4 years Additional information: Northstar Corp. calculates depreciation and amortization to the nearest month S/L - Straight Line, DDB - Double-Declining Balanco; Units Units of Production There have been no disposals, revisions, or impairments prior to January 1, 2014 Actual kilometers driven by the trucks: 2012. 410,000, 2013 - 437,000; 2014 - 246,000 At the beginning of 2014, it was determined that the building would be used for 1 year loss than originally estimated Used boats and equipment were purchased on May 2, 2014, for a total of $57,000 at a bankruptcy sale. The appraised value of the boats was $49,000 and of the equipment $35,000. The old oquipment was given to a charitablo organization on May 4, 2014 The estimated useful lives and residual values of the May 2 purchases were 4 years and $4,000 for the boats and 4 years and $3,000 for the equipment. These assets will be depreciated using the DDB method Complete the PPE asset subledger, round depreciation per unit of production to the nearest cent, round your final answers to the nearest dollar Using the information from the PPE asset subledger and the following December 31, 2014 adjusted account balances, complete the income statement (showing all depreciation and amortization expenses together under expenses) and a statement of changes in equity for the year ended December 31, 2014 along with the December 31, 2014 classified balance sheet Assume that the corporation issued $115,800 worth of shares during 2014 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earrings Equity X X X (select one) Balance Sheet (select one) X XX 10 years 10 years Northstar Corp's property, plant and equipment subledger at January 1, 2014 appeared as follows: Cost Information Depreciation/Amortization Amort Accum Balance Expense for Accum. Balance Description Purchase Date Method Cost Residual Life Dec 31, 2013 2014 Dec 31, 2014 Furniture November 1, 2012 SIL 221,400 17.400 Machinery July 1, 2013 DDB 228,000 36,100 Trucks September 1, 2012 Units 619,000 10,000 1,218,000 km Building January 1, 2012 S/L 61,300 7.300 6 years Equipment July 1, 2013 S/L 228,500 12,500 Patents September 1, 2011 S/L 216,000 0 Boats May 2, 2014 DDB 33,250 4,000 Equipment May 2, 2014 DDB 23,750 3,000 4 years 10 years 10 years 4 years Additional information: Northstar Corp. calculates depreciation and amortization to the nearest month S/L - Straight Line, DDB - Double-Declining Balanco; Units Units of Production There have been no disposals, revisions, or impairments prior to January 1, 2014 Actual kilometers driven by the trucks: 2012. 410,000, 2013 - 437,000; 2014 - 246,000 At the beginning of 2014, it was determined that the building would be used for 1 year loss than originally estimated Used boats and equipment were purchased on May 2, 2014, for a total of $57,000 at a bankruptcy sale. The appraised value of the boats was $49,000 and of the equipment $35,000. The old oquipment was given to a charitablo organization on May 4, 2014 The estimated useful lives and residual values of the May 2 purchases were 4 years and $4,000 for the boats and 4 years and $3,000 for the equipment. These assets will be depreciated using the DDB method Complete the PPE asset subledger, round depreciation per unit of production to the nearest cent, round your final answers to the nearest dollar Using the information from the PPE asset subledger and the following December 31, 2014 adjusted account balances, complete the income statement (showing all depreciation and amortization expenses together under expenses) and a statement of changes in equity for the year ended December 31, 2014 along with the December 31, 2014 classified balance sheet Assume that the corporation issued $115,800 worth of shares during 2014 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earrings Equity X X X (select one) Balance Sheet (select one) X XX

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