History Bookmarks Window Help nbox 6847 messages 1794 uneead

History Bookmarks Window Help nbox (6,847 messages, 1,794 uneead) neos \"mont mos tosh | Griffin Douglas ALEKS Question 7 20,000, and equipment useful ide of 10 years. On January 2, 2018, Parker Company purchased land that cost $480,000, a building on the land that cost $ t that cost $51,000. The building has an estimated useful life of 26 years. The equipment has an estimated Required: Prepare the property, plant, and equipment section of the balance sheet as of December 31, 2018 Note: Use straight-line depreciation with no salvage value. Paker Conpany Propety, Haat, and Erie Next

Solution

Solution:

Property, plant, and equipment		Amount	Working
Land		480,000
Building	520,000
Depreciation	20,000	500,000	520,000/26 years
Equipment	51,000
Depreciation	5100	45,900	51000/10 years
Total property, plant, and equipment		1,025,900