Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2024.Land purchaseEquipment purchaseProceeds from disposal of equipment$$SASA$125,000 i17,000 i(37,800) The following selected account balances relate to the property, plant, and equipment accounts of Pharoah Ltd.:20242023Accumulated depreciation-buildings$336,500 $306,000Accumulated depreciation-equipment146,00096,500Depreciation expense-buildings30,50030,500Depreciation expense-equipment68,00049,500Land195,00070,000Buildings770,000770,000Equipment305,000255,000Gain on disposal (equipment)4,3000Additional information regarding 2024:1.Purchased $125,000 of land for cash.2.Purchased $83,000 of equipment for a $17,000 down payment, financing the remainder with a bank loan. Equipment wasalso sold during the year.

Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2024. Land purchase Equipment purchase Proceeds from disposal of equipment SA $ SA $ $ tA 125,000 i 17,000 i (37,800)

Calculate any cash receipts or payments related to the property, plant, and equipment accounts in 2024. Land purchase Equipment purchase Proceeds from disposal of equipment SA $ SA $ $ tA 125,000 i 17,000 i (37,800)

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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