Score: 25,81 of 50 pts 2 of 2 (2 complete) HW Score: 75 81 Be Cont Problem (book/static) During 2018. Fess Equipment Doctor made the following purchases Click the icon to view the purchases) More info - X Read the remonts Requirement 2. Assuming these are Fitness Equipment Doctor's only assets, how Fitness Equipment Doctor, Inc. Balance Sheet (partial) December 31 2018 Properly plant and equipment . On March 3. Fitness Equipment Doctor Inc, purchased equipment for 53.600 cash The equipment has an estimated useful life of four years and no salvage Value Fitness Equipment Doctor uses double declining balance depreciation for the equipment . On March 18. Fess Equipment Doctor, Inc. purchased a 535,800 truck financed by a note payable bearing 8 percent annual interest. The truck has an estimated useful life of 300,000 miles and a residual value of 56.800. The truck was driven 56,000 miles in 2016 and is deprecated using the units of production method . On April 2. Fitness Equipment Doctor, Inc. paid 516,000 for land . On April 22. 52, 100 of furniture was purchased on account. The furniture has a four-year life and a residual value of 5300 Furniture is deprecated using straight line depreciation . On June 10 1,600 of future was purchased. The furniture has a five-year life and a residual value of $100 and is deprecated using straight line depreciation On June 25, 53,660 of equip was purchased the equipment has a four-year life and a $300 residual value and is deprecated using the straight-line method . On August 1 Fitness Equipment Doctorine purchased a building for $135,000 financed by a mortgage bearing 5 percent annual interest. The building has an estimated salvage value of $30,000 and is being depreciated over 25 years using the straight-line method Print Done Choose from any list or enter any number in the input fields and then click on All parts showing