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yess i need help with all three 4. Following is information about the breeding livestock I have on my farm. Use this information to answer
yess i need help with all three
4. Following is information about the breeding livestock I have on my farm. Use this information to answer the questions that follow. o Base value: $1,200/cow o Average purchase price for cows: $1,000/cow o Total accumulated depreciation on cows = $400/Cow o Current market value of cows = $1,500 Inventory: Raised cows Inventory 350 Purchased cows 100 a. Complete the following entries in the balance sheet with respect to breeding livestock Cost Basis Market Basis Raised Breeding Livestock Purchased Breeding Livestock 7. I borrowed $300,000 for machinery on March 1, 2020. Payments are due on March 1st of each year, thus the first payment will be on March 1, 2021. It is currently December 31, 2020 and I am completing by balance sheet. My interest rate is 5% and my principal payment due on March 1st, 2020 is $50,000. Please complete the balance sheet entries below. Cost Basis Market Basis Current Liabilities Current portion due Accrued Interest Intermediate Liabilities Intermediate loan balance Step by Step Solution
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