B-10.01 Problem

B-10.01 Problem - normal balance. Land 500,000 $ Buildings...

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B-10.01 The following selected account balances were taken from the general ledger of Vance Corporation as of December 31, 20X7. Examine this information and prepare the property, plant & equipment section of the company's balance sheet. All accounts listed carry a
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Unformatted text preview: normal balance. Land 500,000 $ Buildings 1,650,000 Equipment 2,860,000 Accumulated depreciation: Buildings 472,000 Accumulated depreciation: Equipment 1,333,400 Depreciation expense: Buildings 125,000 Depreciation expense: Equipment 278,111...
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