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What steps do i need to take to do this? And what is the answer for requirement 3? %) CP948 (open response) Question Help Anna
What steps do i need to take to do this? And what is the answer for requirement 3?
%) CP948 (open response) Question Help Anna and Zavier Waldron are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the following information (Click the icon to view the information.) Read the requirements Office Furniture Mar. 3, 2019 4,280 7 years 500 SL 45 Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of 2019 and the book value as of June 30, 2019 Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "O" for any zero balances. Abbreviations used Accum. = Accumulated: Depr. Depreciation; Exp. = Expense.) 2018 Depr Expense Accum Depr Dec. 31 2018 Book Value Dec. 31 2018 80 $3,760 $ 2019 Depr. Exp Through Jun. 30 Accum Depr Jun. 30 2019 Value Jun. 30 2019 Acquisition Asset Date Cost Nov. 3, 2018 3,840 $ Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar. 2, 2019 80 $ Canoes Land Building Canoes Computer Office Furniture Mar. 3, 2019 Requirement 3. Prepare a partial balance sheet showing Property, Plant, and Equipment as of June 30, 2019. (Complete all answer boxes. Check your spelling 240 $ 320$ 3,520 60,000 152,400 8,900 6,000 4,100 60,000 158,000 9,600 7,200 4,280 60,000 157,200 9,500 5,600 700 1,200 180 800 800 4,800 600 1,200 180 100 100 carefully and do not abbreviate. When applicable, use only the account names provided in the problem statement.) Tree Top Company Balance Sheet (Partial) June 30, 2019 Property, Plant, and Equipment: Property, Plant, and Equipment, Net Choose from any list or enter any number in the input fields and then click Check Answer arts showing Clear All CheckStep by Step Solution
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