Question: hw help, having difficulty getting correct values ec my wor Drabinski Ltd. decided on 1 July 20x3 to dispose of an asset group consisting of

hw help, having difficulty getting correct values

hw help, having difficulty getting correct values ec my wor Drabinski Ltd.decided on 1 July 20x3 to dispose of an asset group consistingof land, a building, and equipment. An active plan of disposal isbeing carried out, and sale is highly probable within the following year.The assets' carrying values and estimated recoverable amounts at1 July 20x3 are

ec my wor Drabinski Ltd. decided on 1 July 20x3 to dispose of an asset group consisting of land, a building, and equipment. An active plan of disposal is being carried out, and sale is highly probable within the following year. The assets' carrying values and estimated recoverable amounts at1 July 20x3 are as follows: 10 points Estimated Carrying Recoverable Cost Value Amount Land $ 400,000 $ 400,000 $ 420, 000 El Buitding 2,700,000 1,500,000 900, 000 eBook Equ1pment 900 z 000 400, 000 300 , 000 _ . E! Pm\" On 31 December 20x3, the net recoverable amount of the group is reliably estimated to be $1,640,000. On 1 April 20x4, the asset group is sold for $1,700,000, net of costs to sell. Fl References Prepare journal entries that are appropriate to record the information above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. Note: Enter debits before credits. mm 1 Julv 20x3 d7 References View transaction list Journal entry worksheet Note: Enter debits before credits. 1 July 20x3 Record entry Clear entry Record the entry to write the depreciable assets down to their carrying value in their respective asset accounts. View general journal \\ Screenshot i points ' _ _ View transaction list El Journal entry worksheet Record entry to reclassify the assets with loss or gain, if any. References Note: Enter debits before credits. 1 July 20x3 Record entry Clear entry View general journal i Screenshot \\ 10 poi nts References View transaction list Journal entry worksheet Note: Enter debits before credits. 31 December 20x3 Record the current value of assets. Record entry Clear entry View general journal \\ Screenshot \\ References View transaction list Journal entry worksheet Note: Enter debits before credits. 1 April 20x4 Record the sale of the disposal group. Record entry Clear entry View general journal \\ Screenshot

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