A company provided the information below on January 1, 2022. Land Building Accumulated depreciation - building Machinery Accumulated Depreciation Land Building Machinery a. 15,000.000 b. 11,500,000 Depreciation is computed using the Straight Line method. The company acquired the building, land and machinery on January 1, 2012. However, on January 1 of 2022, the company wants to revalue the PPE. On such a date, additional information is presented. c. 30,000,000 d. 8,500,000 3. What is the depreciation for 2022? 2. What is the pretax revaluation surplus on January 1,2022? a. 531,250 2,000,000. b. 875,000 15,000,000 c. 525,000 3,750,000 3,000,000 1,500,000 Replacement Cost 5,000,000 25,000,000 5,000,000 ||

A company provided the information below on January 1, 2022. Land Building Accumulated depreciation - building Machinery Accumulated Depreciation Land Building Machinery a. 15,000.000 b. 11,500,000 Depreciation is computed using the Straight Line method. The company acquired the building, land and machinery on January 1, 2012. However, on January 1 of 2022, the company wants to revalue the PPE. On such a date, additional information is presented. c. 30,000,000 d. 8,500,000 3. What is the depreciation for 2022? 2. What is the pretax revaluation surplus on January 1,2022? a. 531,250 2,000,000. b. 875,000 15,000,000 c. 525,000 3,750,000 3,000,000 1,500,000 Replacement Cost 5,000,000 25,000,000 5,000,000 ||

Name: A company provided the information below on January 1, 2022.LandBuild
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Description: A company provided the information below on January 1, 2022.LandBuildingAccumulated depreciation - buildingMachineryAccumulated DepreciationLandBuildingMachinerya. 15,000.000b. 11,500,000Depreciation is computed using the Straight Line method. The c

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

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 11E: On January 1, 2014, Klinefelter Company purchased a building for 520,000. The building had an...

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