The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2019. The accounting department of Thompson has started the fixed-asset and depreciation schedule presented below. You have been asked to assist in completing this schedule. In addition to ascertaining that the data already on the schedule are correct, you have obtained the following information from the company's records and personnel: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

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. Thompson paid $732,500 for the land and building together. At the time of acquisition, the land had a fair value of $65,600 and the building had a fair value of $754,400.

Land B was acquired on October 2, 2019, in exchange for 2,200 newly issued shares of Thompsons common stock. At the date of acquisition, the stock had a par value of $5 per share and a fair value of $17 per share. During October 2019, Thompson paid $9,600 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, 2020. By September 30, 2021, Thompson had paid $130,000 of the estimated total construction costs of $220,000. Estimated completion and occupancy are July 2022.

Certain equipment was donated to the corporation by the city. An independent appraisal of the equipment when donated placed the fair value at $12,800 and the residual value at $1,200.

Equipment As total cost of $114,000 includes installation charges of $470 and normal repairs and maintenance of $10,200. Residual value is estimated at $5,900. Equipment A was sold on February 1, 2021.

On October 1, 2020, Equipment B was acquired with a down payment of $3,200 and the remaining payments to be made in 10 annual installments of $3,200 each beginning October 1, 2021. The prevailing interest rate was 8%.

Please fill out the table below

Fixed Asset and Depreciation Schedule
For Fiscal Years Ended September 30, 2020, and September 30, 2021
Assets	Acquisition Date	Cost	Residual	Depreciation Method	Estimated Life in Years	Depreciation for Year Ended 9/30
						2020	2021
Land A	10/1/2019		N/A	not applicable	N/A	N/A	N/A
Building A	10/1/2019	not attempted	$40,300	Straight-line	not attempted	$13,200	not attempted
Land B	10/2/2019	not attempted	N/A	not applicable	N/A	N/A	N/A
Building B	Under construction	130,000 to date		Straight-line	30		not attempted
Donated Equipment	10/2/2019	not attempted	1,200	200% Declining balance	10	not attempted	not attempted
Equipment A	10/2/2019	not attempted	5,900	Sum-of-the years-digits	10	not attempted	not attempted
Equipment B	10/1/2020	not attempted		Straight-line	15