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Please answer this correct. I WILL down vote you and leave negative commentary if give incorrect answers Problem 9-2A (Part Level Submission) At December 31,
Please answer this correct. I WILL down vote you and leave negative commentary if give incorrect answers
Problem 9-2A (Part Level Submission) At December 31, 2017, Bramble Corporation reported the following plant assets. Land $4,278,000 Buildings $26,530,000 Less: Accumulated depreciation- buildings 17,005,050 9,524,950 Equipment 57,040,000 Less: Accumulated depreciation- equipment 7,130,000 49,910,000 $63,712,950 Total plant assets During 2018, the following selected cash transactions occurred. Purchased land for $3,137,200. Apr. 1 Sold equipment that cost $855,600 when purchased on January 1, 2011. The equipment was sold for $242,420. May 1 Sold land for $2,281,600. The land cost $1,426,000. June 1 July Purchased equipment for $1,568,600. 1 Retired equipment that cost $998,200 when purchased on December 31, 2008. No salvage value was received Dec. 31 Prepare the plant assets section of Bramble's balance sheet at December 2018 transactions.) (List Plant Assets in order of Land, Building and Equipment.) 2018. (Hint: You may wish to set up T accounts, post beginning balances, and then post BRAMBLE CORPORATION Partial Balance Sheet December 31, 2018 Plant Assets 5989200 Land 26530000 Buildings Less 17668300 8861700 Accumulated Depreciation-Buildings Equipment 56754800 Less 43820980 12933820 Accumulated Depreciation-Equipment 58671880 Total Assets
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