Remington Steel, a manufacturer of steel products, began operations on October 1. 2013. The accounting department of Remington has started the fixed-asset depreciation schedule presented in the schedule below. You have been asked to assist in completing this schedule In addition to ascertaining that the data in the schedule are already correct, you have obtained the following information from the company's records and personnel. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition Land A and Building A were acquired from a predecessor corporation. Remington paid $800,000 for the land and building together. At the time of acquisition, the land had an appraised value of $90,000. and the building had an appraised value of $810,000 Land B was acquired on October 2. 2013, in exchange for 2.500 newly issued shares of Remington's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $30 per share During October 2013. Remington paid $16.000 to demolish an existing building on this land so it could construct a new building. Construction of Building B on the newly acquired land began on October 1. 2014. By September 30. 2015. Remington had paid $320,000 of the estimated total construction costs of $450,000. It is estimated that the building will be completed and occupied by July 2016. Certain equipment was donated to the corporation by a local university An independent appraisal of the equipment when donated placed the fair value at $40,000 and the salvage value at $3,000 Machinery A' s total cost of $182, 900 includes installation expense of $600 and normal repairs and maintenance of $14, 900 Salvage value is estimated at $6,000 Machinery A was sold on February 1. 2015. On October 1. 2014. Machinery B was acquired with a down payment of $5 740 and the remaining payments to be made in 11 annual installments of $6,000 each beginning October 1. 2014. The prevailing interest rate was 8%. (The present value of an ordinary annuity of $1 at 8% is 7.710.) Remington Steel, a manufacturer of steel products, began operations on October 1. 2013. The accounting department of Remington has started the fixed-asset depreciation schedule presented in the schedule below. You have been asked to assist in completing this schedule In addition to ascertaining that the data in the schedule are already correct, you have obtained the following information from the company's records and personnel. Depreciation is computed from the first of the month of acquisition to the first of the month of disposition Land A and Building A were acquired from a predecessor corporation. Remington paid $800,000 for the land and building together. At the time of acquisition, the land had an appraised value of $90,000. and the building had an appraised value of $810,000 Land B was acquired on October 2. 2013, in exchange for 2.500 newly issued shares of Remington's common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $30 per share During October 2013. Remington paid $16.000 to demolish an existing building on this land so it could construct a new building. Construction of Building B on the newly acquired land began on October 1. 2014. By September 30. 2015. Remington had paid $320,000 of the estimated total construction costs of $450,000. It is estimated that the building will be completed and occupied by July 2016. Certain equipment was donated to the corporation by a local university An independent appraisal of the equipment when donated placed the fair value at $40,000 and the salvage value at $3,000 Machinery A' s total cost of $182, 900 includes installation expense of $600 and normal repairs and maintenance of $14, 900 Salvage value is estimated at $6,000 Machinery A was sold on February 1. 2015. On October 1. 2014. Machinery B was acquired with a down payment of $5 740 and the remaining payments to be made in 11 annual installments of $6,000 each beginning October 1. 2014. The prevailing interest rate was 8%. (The present value of an ordinary annuity of $1 at 8% is 7.710.)