Problem 9-2A (Part Level Submission) At December 31, 2014, Navaro Corporation re
ID: 2423969 • Letter: P
Question
Problem 9-2A (Part Level Submission)
At December 31, 2014, Navaro Corporation reported the following plant assets.
$ 5,196,000
$30,050,000
20,654,100
9,395,900
69,280,000
8,660,000
60,620,000
$75,211,900
During 2015, the following selected cash transactions occurred.
Need answer for remaimder please
Land$ 5,196,000
Buildings$30,050,000
Less: Accumulated depreciation—buildings20,654,100
9,395,900
Equipment69,280,000
Less: Accumulated depreciation—equipment8,660,000
60,620,000
Total plant assets$75,211,900
Explanation / Answer
Land ........................................................................................................................7274400
Building ................................................................ ... $30,050,000
Less: Accumulated depreciation
(20,654,100 + 751250)...............................................(21405350)...............................8644650
Equipment (69,280,000 + 1905200 - 381040).................70804160
Less:accumulate depreciation
(8,660,000 + 34640 + 95260 + 121240) ........................(8911140)..............................61893020
Total plant assets ..................................................................................................77812070
Working notes:
Depreciation on equipment:
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