work chapter 11-20 Belltone Company made the following expenditures related to its 10-year-old manufacturing facility 1. The heating system was replaced at a cost of $170.000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation 2 A new wing was added at a cost of $680,000. The new wing substantially increases the productive capacity of the plant 3 Annual building maintenance was performed at a cost of $19,000 4 All of the equipment on the assembly line in the plant was rearranged at a cost of $28,000. The rearrangement clearly increases the productive capacity of the plant Required: Prepare journal entries to record each of the above expenditures. If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet Record the replacement of the heating system Note: terdetits before Event General Journal / Debit Credit LOS @MOXO PrtScn Home POU work chapter 11- 20 General Optie Corporation operates a manufacturing plant in Arona Due to a significant decline in demand for the product manufactured at the Arizona tan impairment test is deemed appropriate Management has acquired the following information for the assets at the plant Accumulated depreciation General's estimate of the total cash flows to be generated by selling the products manufactured at its Arizona plant, not discounted to present value $37.500, 14,700,000 16,000,000 The fair value of the Arizona plant is estimated to be $13 500 000 Required: 1. & 2. Determine the amount of impairment loss a lossis indicated, where would it appear in General Optic's multiple-step income statement 3. If a loss is indicated, prepare the entry to record the loss 4. & 5. Determine the amount of impairment loss assuming that the estimated undiscounted Instead of $16.000.000 and $23.500.000 instead of $16.000.000 future cash flows is $14.500,000 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Req 4 and 5 Determine the amount of impairment loss. If a loss is indicated, where would it appear in General Optic's multiple-step income statement? (Enter your answer in whole dollars.) Impairment loss Location on income statement Reg 3 > HOS MB Prten Home