Presented below is information related to plant assets, natural resources, and intangibles at year end on December 31, 2021, for Pronghorn Company:Buildings $1,255,000Goodwill 700,000Patents 500,000Coal Mine 510,000Accumulated Depreciation—Bldg. 646,000Accumulated Depletion 294,0001 .Prepare a partial balance sheet for Pronghorn Company that shows how the above listed items would be presented. (List Property, Plant and Equipment in order of Buildings and Coal Mine.)

Total Property, Plant & Equipment = Buildings - Accumulated Depreciation , Building + Coal Mine…

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Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6RE: Oz Corporation has the following assets at year-end: Patents (net), 26,000; Land, 50,000; Buildings,...

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Presented below is information related to plant assets, natural resources, and intangibles at year end on December 31, 2021, for Pronghorn Company:

Buildings		$1,255,000
Goodwill		700,000
Patents		500,000
Coal Mine		510,000
Accumulated Depreciation—Bldg.		646,000
Accumulated Depletion		294,000

1 .Prepare a partial balance sheet for Pronghorn Company that shows how the above listed items would be presented. (List Property, Plant and Equipment in order of Buildings and Coal Mine.)

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