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Question 10 of 12 < > At December 31, 2022, Sarasota Company reported the following as plant assets. Land $3.640,000 Buildings $28,180,000 Less: Accumulated
Question 10 of 12 < > At December 31, 2022, Sarasota Company reported the following as plant assets. Land $3.640,000 Buildings $28,180,000 Less: Accumulated depreciation-buildings 11,820,000 16.360,000 Equipment 48.740.000 Less: Accumulated depreciation-equipment 4,780.000 43,960.000 Total plant assets $63,960.000 During 2023, the following selected cash transactions occurred -16 B 6877 Sunny April 1 Purchased land for $2,170,000 May 1 June 1 July 1 Dec 31 Sold equipment that cost $750,000 when purchased on January 1, 2019. The equipment was sold for $450,000 Sold land purchased on June 1, 2013 for $1.510,000. The land cost $393,000 Purchased equipment for $2,510,000 Retired equipment that cost $498,000 when purchased on December 31, 2013. 52 P 42
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