Brief Exercise 9-13 Information related to plant assets, natural resources, and

Question

Brief Exercise 9-13 Information related to plant assets, natural resources, and intangibles at the end of 2017 for Dent Company is as follows: buildings $1,130,000, accumulated depreciation-buildings $655,000, goodwill $420,000, coal mine $500,000, and accumulated depletion-coal mine $109,000. Prepare a partial balance sheet of Dent Company for these items. (List Property, Plant and Equipment in order of Coal Mine and Buildings.) DENT COMPANY Balance Sheet (partial) SHOW LIST OF ACCOUNTS LINK TO TEXT

Explanation / Answer

DENT COMPANY

BALANCE SHEET (Partial)

AS ON DECEMBER 31, 2017

ASSET AMOUNT($) AMOUNT($) Property, Plant and Euipment Building 1,130,000 Less: Accumulated Depreciation (655,000) 475,000 Coal Mine 500,000 Less : Accumulated Depletion (109,000) 391,000 Goodwill 420,000

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