Wildhorse Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account...
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Wildhorse Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Amount Accounts receivable $1,870 Accumulated amortization-copyrights 230 Accumulated amortization-development costs 1,300 Accumulated depreciation-buildings 130 Accumulated depreciation-equipment 3,740 Accumulated depreciation-furniture 260 Accumulated depreciation-vehicles 650 Acquisitions of property, plant, and equipment 2,600 Buildings 780 Copyrights 520 Depreciation and amortization expense 2,110 Development costs 1,870 Equipment 6,500 Furniture 390 Goodwill 3,900 Impairment loss 110 Land 260 Trademarks 2,520 Vehicles 1,140 Prepare the property, plant and equipment and intangible assets sections of the statement of financial position as at December 31, 2022. (List Property, Plant and Equipment in order of Land, Buildings, Furniture, Equipment and Vehicles. List Intangibles in order of Finite Life Intangible Assets and Indefinite-life Intangible Assets. List Copyrights before Development Costs.) WILDHORSE COMMUNICATIONS INC. Statement of Financial Position (Partial) December 31 2022 (in millions) Assets Property, plant and equipment Land Bulldings Less Accumulated Depreclatlon-Bulldilngs Eauloment Less Accumulated Deoreclation-Eauloment Vehicles Less Accumulated Deoreciation-Vehlcles Furniture Less Accumulated Deoreclatlon-Furniture Total Property, Plant, and Equipment Intangible assets Goodwll Develooment Costs Less Accumulated Amortizatlon-Develooment Costs Coovrlehts Less Accumulated Amortizatlon-Coovriehts Total Indefinite-Life Intanelble Assets %24 %24 24 Wildhorse Communications Inc. reported the following selected information as at December 31, 2022 (in millions): Account Amount Accounts receivable $1,870 Accumulated amortization-copyrights 230 Accumulated amortization-development costs 1,300 Accumulated depreciation-buildings 130 Accumulated depreciation-equipment 3,740 Accumulated depreciation-furniture 260 Accumulated depreciation-vehicles 650 Acquisitions of property, plant, and equipment 2,600 Buildings 780 Copyrights 520 Depreciation and amortization expense 2,110 Development costs 1,870 Equipment 6,500 Furniture 390 Goodwill 3,900 Impairment loss 110 Land 260 Trademarks 2,520 Vehicles 1,140 Prepare the property, plant and equipment and intangible assets sections of the statement of financial position as at December 31, 2022. (List Property, Plant and Equipment in order of Land, Buildings, Furniture, Equipment and Vehicles. List Intangibles in order of Finite Life Intangible Assets and Indefinite-life Intangible Assets. List Copyrights before Development Costs.) WILDHORSE COMMUNICATIONS INC. Statement of Financial Position (Partial) December 31 2022 (in millions) Assets Property, plant and equipment Land Bulldings Less Accumulated Depreclatlon-Bulldilngs Eauloment Less Accumulated Deoreclation-Eauloment Vehicles Less Accumulated Deoreciation-Vehlcles Furniture Less Accumulated Deoreclatlon-Furniture Total Property, Plant, and Equipment Intangible assets Goodwll Develooment Costs Less Accumulated Amortizatlon-Develooment Costs Coovrlehts Less Accumulated Amortizatlon-Coovriehts Total Indefinite-Life Intanelble Assets %24 %24 24
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Cullumber Communications Inc Balance Sheet December 31 2022 Assets Proper... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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