Questions.... 1. What is the net amount of property, plant, and...

Questions.... 1. What is the net amount of property, plant, and equipment reported in the balance sheet. 2. What is the net amount reported separately for buildings, equipment, and land? 3. Suppose the company decides to sell building #203 $425,000. What is the gain or loss of the sale reported in the income statement. 4. What is the gain or loss on the sale of the company sells equipment #303 for $30,000 5. Which piece of equipment is most likely to need replaced because it's nearest the end of its service life?

Image transcription text

Review the Tableau visualization, and then answer the questions that follow. Property, Plant, and By Category Equipment - Total Building Equipment Land $2,000,000 $3,000,000 $1,500,000 $2,000,000 Value Value $1,000,000 $1,000,000 $500,000 SO SO Cost Accumulated Cost Accumulated Cost Accumulated Cost Accumulated Depreciation Depreciation Depreciation Depreciation Category Building By Individual Asset Equipment B#201 B#202 B# 203 B#204 B#205 O Land $600,000 $500,000 $400,000 Value $300,000 $200,000 $100,000 SO Cost Accumulated Cost Accumulated Cost Accumulated Cost Accumulated Cost Accumulated Deprecia.. Deprecia.. Deprecia.. Deprecia.. Deprecia.. Category O Building By Individual Asset Equipment E#301 E#302 E#303 E#304 E#305 E#306 E#307 Land $150,000 $100,000 Value $50,000 Cost Accumulatort Accumulatort Accumulatort Accumulatort Accumulatort Accumulatort Accumula De.. De.. De.. De.. De.. De.. D.. Category Building By Individual Asset Equipment L#101 L#102 L# 103 Land $400,000 $300,000 Value $200,000 $100,000 SO Cost Accumulated Cost Accumulated Cost Accumulated Depreciation Depreciation Depreciation Required:

... Show more