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what is the answer for q2? PHASE 4 Finally, the accountant has started the PPE and Depreciation Schedule for the year ended September 30 .

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what is the answer for q2?

PHASE 4 Finally, the accountant has started the PPE and Depreciation Schedule for the year ended September 30 . 2023. At Island Solutions, the depreciation policy is to apply one month's ownership, one month's depreciation. Your team was provided with the following information. - Land and Building were acquired for $800000 in a lump sum purchase. At the time of acquisition, the appraised values of the land and building were $90000 and $810000 respectively. - Equipment with an appraised value and residual value of $40000 and $3000 respectively was received by the company as a donation. - Machinery costing $182900 inclusive of $600 installation expense and $14900 normal repair and maintenance cost, and with a $6000 estimated salvage value was sold on February 1, 2023. TASK 7: 2. Complete the PPE and Depreciation Schedule below by providing the values for [a][j]. Show all workings. 16.5m

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