Presented below is information related to plant assets, natural resources, and intangibles at year end on December

Question:

Presented below is information related to plant assets, natural resources, and intangibles at year end on December 31, 2011, for Rangel Company:
Buildings ......... $ 1,080,000
Goodwill ......... 350,000
Patents .......... 430,000
Coal Mine .......... 440,000
Accumulated Depreciation .. 620,000
Accumulated Depletion .... 275,000

Instructions
Prepare a partial for Rangel Company that shows how the above listed items would be presented.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...