uing the 2013 antul accounting period, BSD Compary completed the tolowing transa

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uing the 2013 antul accounting period, BSD Compary completed the tolowing transactons On January 1, 2013, purchased a patent for $57,000 cash (estimated useful life, ten years). On January 1, 2013, purchased the assets (not detailed) of another business for $147,000 cash, including $12,000 for goodwill. The company assumed no liabilities. Goodwill has an indefinite life. On December 31, 2013, constructed a storage shed on land leased from D. Heald. The cost was $21,600. The company uses straight- line depreciation. The lease will expire in ten years. (Amounts spent to enhance leased property are capitalized as intangible assets called Leasehold Improvements.) d Total expenditures during 2013 for ordinary repairs and maintenance were $4,900 On December 31, 2013, sold Machine A for $7.300 cash. Original cost on January 1, 2009, was $17,000, accumuleted depreciation (straight line) to December 31, 2012, was $9,600 ($5,000 residual value and five-year useful life. On December 31, 2013, paid $7,000 for a complete reconditioning of Machine B acquired on January 1, 2012. Original cost, $40,800 accumulated depreciation (straight line) to December 31, 2012 $2,100 ($7,200 residual value and 16-year useful life). equined Information 2.27 points Recuired 1 For each ofthese transactions indicale the accounts amcuntsand eectsi for increase and-or decreane) on the accounting eaon Jan 1Cash e Dec. 31

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uing the 2013 antul accounting period, BSD Compary completed the tolowing transa

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