ACC 537 Week 3 Textbook Problem 11-4 Per Company For more course tutorials visit www. uophelp. com
Installation 26,000 4. Expenditures totaling $ 95,000 were made for new parking lots, streets, and sidewalks at the corporation % u2019s various plant locations. These expenditures had an estimated useful life of 15 years. 5. A machine costing $ 80,000 on January 1, 2004, was scrapped on June 30, 2014. Double-declining balance depreciation has been recorded on the basis of a 10-year life. 6. A machine was sold for $ 20,000 on July 1, 2014. Original cost of the machine was $ 44,000 on January 1, 2009, and it was depreciated on the straight-line basis over an estimated useful life of 7 years and a salvage value of $ 2,000. Instructions( a) Prepare a detailed analysis of the changes in each of the following balance sheet accounts for 2014. Land Land improvements Buildings Equipment( Hint: Disregard the related accumulated depreciation accounts.)( b) List the items in the fact situation that were not used to determine the answer to( a), showing the pertinent amounts and supporting computations in good form for each item. In addition, indicate where, or if, these items should be included in Lobo % u2019s financial statements.------------------------------------------------------------------------------------
ACC 537 Week 3 Textbook Problem 11-4 Per Company For more course tutorials visit www. uophelp. com