Information related to plant assets, extractable natural resources, and intangibles at the end of 2017 for Loomis

Question:

Information related to plant assets, extractable natural resources, and intangibles at the end of 2017 for Loomis Company is as follows: buildings £1,300,000, accumulated depreciation-buildings £650,000, £410,000, coal mine £500,000, and accumulated depletion-coal mine £122,000. Prepare a partial statement of financial position of Loomis Company, Ltd. for these items.
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...