Question
PLEASE FILL IN MISSING ANSWERS. At December 31, 2020, Riverbed Company reported the following as plant assets. Land $ 4,180,000 Buildings $27,310,000 Less: Accumulated depreciationbuildings
PLEASE FILL IN MISSING ANSWERS.
At December 31, 2020, Riverbed Company reported the following as plant assets. Land $ 4,180,000 Buildings $27,310,000 Less: Accumulated depreciationbuildings 12,890,000 14,420,000 Equipment 47,470,000 Less: Accumulated depreciationequipment 4,530,000 42,940,000 Total plant assets $61,540,000 During 2021, the following selected cash transactions occurred. April 1 Purchased land for $2,060,000. May 1 Sold equipment that cost $1,050,000 when purchased on January 1, 2017. The equipment was sold for $630,000. June 1 Sold land purchased on June 1, 2011 for $1,520,000. The land cost $400,000. July 1 Purchased equipment for $2,540,000. Dec. 31 Retired equipment that cost $494,000 when purchased on December 31, 2011. The company received no proceeds related to salvage.
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