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