Question: Complex Computer Ltd. had a December 31 year-end. Complex Computer Ltd completed the following transactions 2018 February 01 Paid $3,000,000 plus $100,000 in legal fees,

 Complex Computer Ltd. had a December 31 year-end. Complex Computer Ltd
completed the following transactions 2018 February 01 Paid $3,000,000 plus $100,000 in
legal fees, pertaining to all assets purchased, to acquire the following assets:
Asset Land Building Equipment Appraised Value Estimated Useful Life Estimated Residual Value

Complex Computer Ltd. had a December 31 year-end. Complex Computer Ltd completed the following transactions 2018 February 01 Paid $3,000,000 plus $100,000 in legal fees, pertaining to all assets purchased, to acquire the following assets: Asset Land Building Equipment Appraised Value Estimated Useful Life Estimated Residual Value $900,000 1,600,000 $ 200,000 800,000 50,000 20 years 10 years Complex Computer Ltd used the straight-line anortization method using days as the basis March 01: Purchased a van for $60,000 cash Complex Computer Ltd determined that the estimated useful life of the van was 5 years with no residual value March 01: Complex Computer Ltd paid $4.000 cash to paint the company's logo on the van June 01 Complex Computer Ltd paid $65,000 cash for annual maintenance work done on the equipment . . December 31. Complex Computer Ltd recorded amortization on its assets 2019 July 01: Complex Computer Lu, sold the van for $40,000 December 31 Complex Computer Ltd recorded amortization on its assets Required: A Record the above transactions in a general Journal Provide explanations Round all amounts to the nearest dollar. Complex Computer Ltd. used the straight-line amortization method using days as the basis B. Show the balance sheet presentation of the assets at December 31, 2019 DATE 2018 General Journal ACCOUNT TITLES AND POST EXPLANATIONS REF DEBIT CREDIT 1 DATE 2019 General Journal ACCOUNT ITILES AND FOST EXPLANATIONS REF DEBIT CREDIT B

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