The Thompson Corporation, a manufacturer of steel products, began operations on October $1,2022.$ 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:

Note: Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and

PVAD of $$1)$

a$.$ Depreciation is computed from the first of the month of acquisition to the first of the month of

disposition.

b$.$ Land A and Building A were acquired from a predecessor corporation. Thompson paid $$862,500$ for

the land and building together. At the time of acquisition, the land had a fair value of $$114,000$ and the

building had a fair value of $$836,000.$

c$.$ Land B was acquired on October $2,2022,$ in exchange for $3,500$ newly issued shares of Thompson's

common stock. At the date of acquisition, the stock had a par value of $$5$ per share and a fair value of

$$30$ per share. During October $2022,$ Thompson paid $$10,900$ to demolish an existing building on this

land so it could construct a new building.

d$.$ Construction of Building B on the newly acquired land began on October $1,2023.$ By September $30,$

$2024,$ Thompson had paid $$260,000$ of the estimated total construction costs of $$350,000.$ Estimated

completion and occupancy are July $2025.$

e$.$ Certain equipment was donated to the corporation by the city. An independent appraisal of the

equipment when donated placed the fair value at $$18,000$ and the residual value at $$2,500.$

f$.$ Equipment A$\text{'}$s total cost of $$113,000$ includes installation charges of $$600$ and normal repairs and

maintenance of $$11,000.$ Residual value is estimated at $$9,000.$ Equipment A was sold on February $1,$

g$.$ On October $1,2023,$ Equipment B was acquired with a down payment of $$4,500$ and the remaining

payments to be made in $10$ annual installments of $$4,500$ each beginning October $1,2024.$ The

prevailing interest rate was $7\%.$

Required:

Supply the correct amount for each answer box on the schedule.

Note: Round your intermediate calculations and final answers to the nearest whole dollar.