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OPTIONS: Blossom Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Amount Accounts receivable $1,780 Accumulated amortization-copyrights 218 Accumulated
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Blossom Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Amount Accounts receivable $1,780 Accumulated amortization-copyrights 218 Accumulated amortization-development costs 1,240 Accumulated depreciation-buildings 124 Accumulated depreciation equipment 3,560 Accumulated depreciation-furniture 248 Accumulated depreciation-vehicles 620 Acquisitions of property, plant, and equipment 2,480 Buildings 744 Copyrights 496 Depreciation and amortization expense 2,020 Development costs 1,780 Equipment 6,200 Furniture 372 Goodwill 3,720 Impairment loss 104 Land 248 Trademarks 2,400 Vehicles 1,080 Prepare the property, plant and equipment and intangible assets sections of the statement of financial position as at December 31, 2022. (List Property, Plant and Equipment in order of Land, Buildings, Furniture, Equipment and Vehicles. List Intangibles in order of Finite Life Intangible Assets and Indefinite-life Intangible Assets. List Copyrights before Development Costs.) BLOSSOM COMMUNICATIONS INC. Statement of Financial Position (Partial) (in millions) Assets Property, plant and equipment $ $ $ $ $ v : Intangible assets $ : > $ > BLOSSOM COMMUNICATIONS INC. Statement of Financial Position (Partial) For the Year Ended December 31, 2022 For the Month Ended December 31, 2022 December 31, 2022 Less Add Vehicles Accumulated Depreciation-Buildings Indefinite-Life Intangible Assets Furniture Accumulated Depreciation-Furniture Copyrights Accumulated Depreciation Equipment Trademarks Total Finite Life Intangible Assets Total Property, Plant, and Equipment Development Costs Total Intangibles Finite Life Intangible Assets Goodwill Accumulated Amortization-Development Costs Towers and Transmitters Accumulated Amortization-Copyrights Land Equipment Buildings Total Indefinite-Life Intangible Assets Accumulated Depreciation-Computers Accumulated DepreciationTowers and Transmitters Computers Accumulated Depreciation-VehiclesStep by Step Solution
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