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Queston. 1: Disney acquired the following PPE on January 1, 2022, Solve using excel: a. Prepare the journal entries and T-Accounts for the acquisition of

Queston. 1: Disney acquired the following PPE on January 1, 2022, Solve using excel:

a. Prepare the journal entries and T-Accounts for the acquisition of each PPE.
b. Depreciate the relevant assets as per instructions below. Note, land is not depreciated.
Purchase of Land
Purchase price 125,000
Sales taxes 10,000
Broker's fees 1,800
Accrued taxes 5,200
Demolition of old building 5,000
Sale of scrap material (3,500)
Clearing of land 5,500
Total Acquisition cost 149,000

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