Bramble Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1. 2. 3. 4. 5. 6. 8. 9. 10. Debit Cost of filling and grading the land Full payment to building contractor Real estate taxes paid for the current year on land Cost of real estate purchased as a plant site (land $113,500 and building $47,000) Excavation costs for new building Architect's fees on building plans Accrued real taxes paid time of purchase of land Cost of parking lots and driveways Cost of demolishing building to make land suitable for construction of new building Credit Proceeds from salvage of demolished building $ 4,000 683,500 5,500 160,500 33,500 13,000 2,50 13,000 25,500 $941,000 $ 3,000

Bramble Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. 1. 2. 3. 4. 5. 6. 8. 9. 10. Debit Cost of filling and grading the land Full payment to building contractor Real estate taxes paid for the current year on land Cost of real estate purchased as a plant site (land $113,500 and building $47,000) Excavation costs for new building Architect's fees on building plans Accrued real taxes paid time of purchase of land Cost of parking lots and driveways Cost of demolishing building to make land suitable for construction of new building Credit Proceeds from salvage of demolished building $ 4,000 683,500 5,500 160,500 33,500 13,000 2,50 13,000 25,500 $941,000 $ 3,000

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Description: Subject : Accounting Current Attempt in ProgressBramble Company was organized on January 1. During the first year of operations, the following plant assetexpenditures and receipts were recorded in random order.1.2.3.4.5.6.7.8.9.10.DebitCost of fillin

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.4: Disposing Of Plant Assets

Problem 1OYO

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