At December 31, 2022, Blue! Land Buildings Less: Accumulated depreciation-buildings Equipment 48.930,000 Less: Accumulated depreciation-equipment 5,430,000 Total plant assets $29,090,000 12.460,000 During 2023, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 (c) $3.560,000 16.630.000 43,500,000 $63.690.000 Purchased land for $2,000,000. Sold equipment that cost $1,170,000 when purchased on January 1, 2019. The equipment was sold for $702,000. Sold land purchased on June 1, 2013 for $1,470,000. The land cost $410,000. Purchased equipment for $2,470,000 Retired equipment that cost $473,000 when purchased on December 31, 2013. Prepare the plant assets section of Blue Spruce's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Building and Equipment) Blue Spruce Company Balance Sheet (Partial)

At December 31, 2022, Blue! Land Buildings Less: Accumulated depreciation-buildings Equipment 48.930,000 Less: Accumulated depreciation-equipment 5,430,000 Total plant assets $29,090,000 12.460,000 During 2023, the following selected cash transactions occurred. April 1 May 1 June 1 July 1 Dec. 31 (c) $3.560,000 16.630.000 43,500,000 $63.690.000 Purchased land for $2,000,000. Sold equipment that cost $1,170,000 when purchased on January 1, 2019. The equipment was sold for $702,000. Sold land purchased on June 1, 2013 for $1,470,000. The land cost $410,000. Purchased equipment for $2,470,000 Retired equipment that cost $473,000 when purchased on December 31, 2013. Prepare the plant assets section of Blue Spruce's balance sheet at December 31, 2023. (List Plant Assets in order of Land, Building and Equipment) Blue Spruce Company Balance Sheet (Partial)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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