PR-1 at decembe X C Get Homew drive.google.com/file/d/17fJGpR-NOxaPQHSiUvSq4YcOpPBLM5sQ/view C Checkout P9-5B.png X P10-9B.png X P11-4B.png X P12-5B.png X G google tran x M Forgot your X Home | Che X + Paused C Bookmarks UNPAR | Portal Aka... Interactive Digital L... Spotify - Web Playe... P9-5B.png H buku AKD edisi 3.pdf 489 of 931 + Open with File | C:/Users/Windi%20Stejana/Downloads/buku%20AKD%20edisi%203.pdf 2021 + Q A Read aloud Draw Highlight expense, 8,700 > Erase A A P P9-5B At December 31, 2016, Durango Ltd. reported the following as plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation-equipment 2,000,000 28,500,000 12,100,000 30,000,000 4,000,000 16,400,000 26,000,000 44,400,000 Journalize a series of equipment transactions related to purchase, sale, retirement, and depreciation. (LO 2, 4, 7) Total plant assets During 2017, the following selected cash transactions occurred. Mar. 1 April 1 June 1 Oct. 1 Dec. 31 Purchased land for 1,350,000. Sold equipment that cost 420,000 when purchased on January 1, 2013. The equipment was sold for 248,000. Sold land purchased on June 1, 2007, for 1,000,000. The land cost 310,000. Purchased equipment for 1,260,000. Retired equipment that cost 300,000 when purchased on December 31, 2007. No residual value was received. Instructions (a) Journalize the above transactions. Durango uses straight-line depreciation for build- ings and equipment. The buildings are estimated to have a 50-year useful life and no residual value. The equipment is estimated to have a 10-year useful life and no resid- ual value. Update depreciation on assets disposed of at the time of sale or retirement. (b) Record adjusting entries for depreciation for 2017. (c) Prepare the plant assets section of Durango's statement of financial position at December 31, 2017. (b) Depreciation Expense-Buildings 570,000; Equipment 2,959,500 (c) Total plant assets 42,888,500 P9-6B Vermeer NV has equipment that cost 40,000 and that has been depreciated Record disposals. 29,000. (LO 4) Instructions Type here to search D V x 9 + 18:44 16/12/2020 IND 13.18 =