values for the land and building , respectively , are $ 230,000 and $ 690,000 .
3 . Items of machinery and equipment were purchased at a total cost of $ 400,000 . Additional costs were
incurred as follows . Freight and unloading $ 13,000 Sales taxes 20,000 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