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PLEASE HELP ME ASAP!!!!!! Diego Company pold $200,000 cash to acquire a group of items consisting of land appraised at $58,500 and a building appraised
PLEASE HELP ME ASAP!!!!!!
Diego Company pold $200,000 cash to acquire a group of items consisting of land appraised at $58,500 and a building appraised at $175,500. Allocate total cost to these two assets and prepare an entry to record the purchase. Compli te this question by entering your answers in the tabs below. Total Cost General Journal Allocate total cost to these two assets Percent of Total Apportioned Cost Land Building Totals OWS 0 General Journal > Diego Company paid $200,000 cash to acquire a group of Items consisting of land appraised at $58,500 and a building appraised at $175,500. Allocate total cost to these two assets and prepare an entry to record the purchase. Complete this question by entering your answers in the tabs below. Total Cost General Journal Prepare an entry to record the purchase View action list Journal entry worksheet A Record costs of lump sum purchase Noter det Transaction General Journal Debit Credit Record Clear Vi general puma Saved O Required information [The following information applies to the questions displayed below) On January 1, the Matthews Band pays $66,400 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts. Compute the first year depreciation using the straight-line method. StrelahtLine Deprecation Choose Hutton Choose Denominator Annual Depreciation Expense Depreciation expense Required information [The following information applies to the questions displayed below) On January 1, the Matthews Band pays $66,400 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During the first year, the band performs 45 concerts. Compute the first year depreciation using the units of production method. Select formula for the depreciation rate of Units of Production Calculate the first year depreciation experie: Depreciation per concert Concerts in first year Depreciation in first year Required information (The following information apples to the questions displayed below) On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $2,000. During the first year, the band performs 45 concerts Compute the first-year depreciation using the units of production method Scooth depreciation of Production Cake the first year deprecatione Depreciation per concert Concertinya Depreciation inste Step by Step Solution
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