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Please show all steps and how you arrived to your answer 10.00 points The Thompson Corporation, a manufacturer of steel products, began operations on October

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10.00 points The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2014. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the companys records and personnel (FV of $1, PV of$1, FVA of$1, PVA of $1, FVAD of $1 and PVAD of$1) (Use appropriate factor(s) from the tables provided.) a. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition. b. Land A and Building Awere acquired from a predecessor corporation. Thompson paid $802,500 for the land and building together. At the time of acquisition, the land had a fair value of $106,800 and the building had a fair value of $783,200. c B on 2, 2014, in exchange for 2,900 newly issued shares of Thompson's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $24 per share. During October 2014, Thompson paid $10,300 to demolish an existing building on this land so it could construct a new building. d. Construction of Building B on the newly acquired land began on October 1, 2015. By September 30 2016, Thompson had paid $200,000 of the estimated total construction oosts of$290,000. Estimated completion and occupancy are July 2017. e. Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $15,600 and the residual value at Machine As total cost of $113,000 includes installation charges of S540 and normal repairs and maintenance of $10,900. Residual value is estimated at $5.300. Machine Awas sold on February 1 g. On october 1, 2015, Machine was acquired with a down payment of s3,900 and the remaining prevailing interest rate was annual of s3900 each beginning october 1,2016, T 7% installments Required: supply the correct amount for each answer box on the schedule ON CORPORATION THOM

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