acc291 be9-13

Information related to plant assets, natural resources, and intangibles at the end of 2011 for Spain Company is as follows: buildings $1,100,000; accumulated depreciation-buildings $650,000; goodwill $410,000; coal mine $500,000; accumulated depletion-coal mine $108,000. Complete the partial balance sheet of Spain Company for these items. (List assets with smallest net book value first. Enter all amounts as positive amounts and subtract where necessary.)
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building 1,100,000
accumulated depreciation-vuilding 650,000
goodwill 410,000
coal mine 500,000

answered 2 years ago

janis176

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Property, plant, and equipment
Coal mine $ 500,000
Less: Accumulated depletion 108,000 $392,000
Buildings 1,100,000
Less: Accumulated depreciation 650,000 450,000
Total property, plant, and
equipment $842,000
Intangible assets
Goodwill 410,000

answered 2 years ago

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