Exercise 10-25 - Book value of buildings ($280,000...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISE 10-25 (15–20 minutes) April 1 Cash . .......................................................................... 430,000 Accumulated Depreciation—Building . ............ 160,000 Land. ................................................................. 60,000 Building. .......................................................... 280,000 Gain on Disposal of Plant Assets. .......... 250,000* *Computation of gain: Book value of land $ 60,000
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Book value of buildings ($280,000 $160,000) 120,000 Book value of land and building 180,000 Cash received 430,000 Gain on disposal $250,000 Aug. 1 Land . ........................................................................... 90,000 Building. ..................................................................... 400,000 Cash . ................................................................ 490,000...
View Full Document

This note was uploaded on 06/06/2010 for the course ACCOUNTING ac505 taught by Professor Khan during the Spring '10 term at DeVry Fremont.

Ask a homework question - tutors are online