Ppe Solutions

5-1

Land 1,750,000

Building 1,720,000

Warehouse 750,000

Residence 400,000

5-2

a) 648,000

b) 681,085

5-3

a) Machine 215,000

b) Machine 215,947

c) Land 8,860,000

Building 11,075,000

Equipment 2,215,000

d) Equipment 730,693

5-4

a) PLANTERS CO. PRODUCERS

Equipment (New) 350,000 Equipment (New) 400,000

Cash 50,000 Accum. Dep. 320,000

Accum. Dep. 540,000 Equipment (Old) 600,000

Loss on Disp. 60,000 Cash 50,000

Equipment (Old) 1,000,000 Gain 70,000

b) PLANTERS CO. PRODUCERS

Equipment (New) 460,000 Equipment (New) 280,000

Accum. Dep. 540,000 Accum. Dep. 320,000

Equipment (Old) 1,000,000 Equipment (Old) 600,000

5-5

Land 10,340,000

Accum. Dep. 4,000,000

Cash 340,000

Truck 12,800,000

Gain 1,600,000

5-6

Equipment (New) 55,000

Accum. Dep. 16,000

*Loss 8,000

Equipment (Old) 48,000

*Cash 31,000

*Computation:

64,000 --> List Price

( 9,000) --> [Trade-in Allowance 33,000 less Fair Value 24,000] over-allowance

55,000 --> New

(24,000) --> Fair Value

31,000 --> Cash

Loss: 8,000 [Fair Value 24,000 less Carrying Amount 32,000]

5-7

a) Tooling Machine 172,800

Automobile 135,000

Gain on Exchange 37,800

b) Equipment (New) 1,200,000

Accum. Dep. 340,000

Loss 190,000

Equipment (old) 850,000

Cash 880,000

5-8

LAND:

Land purchase 2,000,000

Demolition of old building 300,000

Legal fees for land acquisition 150,000

Less: Sale of salvage from demolition ( 70,000)

Total Cost of Land --> 2,380,000

LAND IMPROVEMENTS:

Landscaping costs 350,000

BUILDING:

Building permit fees 80,000

Interest on loan 270,000

Building...