Question
Other information: a. $5,000 of the notes receivable on December 31, 2022, will be received in 2023. No new notes receivable were issued in 2022.
Other information: a. $5,000 of the notes receivable on December 31, 2022, will be received in 2023. No new notes receivable were issued in 2022.
b. $6,000 of the bank loan and $10,000 of the mortgage payable must be repaid by December 31, 2023. There were no additions the mortgage in 2022 but an additional $3,000 was added to the bank loan, in 2022.
Required answer=
I required answer according to this format which is infront of required answer .Statement is given below. Prepare a note to the financial statements for PPE . Assume there was a $10,000 addition to building in 2021 and there is no depreciation calculated for either year
The following accounts and account balances are taken from the records of Rudolf Corporation, at December 31, 2022. 4. Property, plant, and equipment Details of the company's property, plant, and equipment and their carrying amounts at December 31 are as follows: These amounts agree with the PPE balances shown in the assets section of BDCC's statement of financial positionStep by Step Solution
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