The following data relate to the Plant Asset account of Planter Co., at December 31, 1999.

* For Asset B the depreciation was $70,000 in 1998 and $56,000 in 1999.
a. On December 31, 1999, after all adjusting journal entries are complete, Asset A has a book value of $196,000 as given above. Determine the cost of the machine.
b. Determine the salvage value of Asset B and provide the appropriate depreciation journal entry for fiscal year 2000?
c. On the firm's December 31, 1999 financial statements, the book value of Asset C is $20,783,333 million as given above. Estimate the date (month and year) in which Asset C was purchased?
d. For 1999, Planter decides to change the depreciation method of Asset D to the straight line method (note that the FASB does not consider a change in depreciation method to be a change in Accounting Principle).
(i) Prepare the appropriate journal entry to account for this change in accounting method.
(ii) In addition to the change to the straight line method now assume that Planter determines that the estimated life has been extended to 8 years (from the beginning of the current year) with a salvage of $5,000 at the end of that time. Prepare the appropriate journal entry to account for this change in estimate.
e. Complete the missing information in the chart for the Assets A through D.

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Plant Asset Original cost Year purchased Jan 1, 1992 Jan 1. 1998 ? Useful life Salvage Value S10,000 Depreciation $240,000 S25,000,000 S60,000 Jan 1, 1994 20 years 30 years 10 years $2,000,000 S4,000 150% declining Method Straight Line Sum-of-Years Straight line balance Accumulated Depr $126,000* Book value $196,000 $20,783,333?