The book value of all the long term assets owned prior to August 1 st was $15,800. Depreciation expense on these prior assets for the month of August was $500. Calculate the new book value of long-term assets, including the new assets purchased during August, and depreciation recorded on these new assets. Commas will automatically populate. Do not use decimals or dollar signs. Do not enter negative amounts. Assume that you sold an asset with an original cost of $7,000, and accumulated depreciation of $4,500 for cash proceeds of $2,300. The on sale of this asset was Your company is looking to create a patent for the lemonade process and have consulted your CPA. Your CPA advises that: intangible assets cannot be and must be The book value of all the long term assets owned prior to August 1 st was $15,800. Depreciation expense on these prior assets for the month of August was $500. Calculate the new book value of long-term assets, including the new assets purchased during August, and depreciation recorded on these new assets. Commas will automatically populate. Do not use decimals or dollar signs. Do not enter negative amounts. Assume that you sold an asset with an original cost of $7,000, and accumulated depreciation of $4,500 for cash proceeds of $2,300. The on sale of this asset was Your company is looking to create a patent for the lemonade process and have consulted your CPA. Your CPA advises that: intangible assets cannot be and must be