Question: i need part B only Problem 9-5B (Part Level Submission) At December 31, 2016, Skysong Ltd. reported the following as plant assets. Land Buildings Less:

i need part B only  i need part B only Problem 9-5B (Part Level Submission) At
December 31, 2016, Skysong Ltd. reported the following as plant assets. Land

Problem 9-5B (Part Level Submission) At December 31, 2016, Skysong Ltd. reported the following as plant assets. Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation E 3,181,000 E29,367,000 11,074,000 40,991,000 4,534,000 36,457,000 18,293,000 equipment 57,931,000 Total plant assets During 2017, the following selected cash transactions occurred Mar.1 Purchased land for 2,034,000 April 1 Sold equipment that cost E452,000 when purchased on January 1, 2013. The equipment was sold for 266,680. June 1 Sold land purchased on June 1, 2007, for 1,533,000. The land cost E296,000. Oct. 1 Purchased equipment for E2,286,000. Dec. 31 Retired equipment that cost E419,000 when purchased on December 31, 2007. No residual value was received. Journalize the above transactions. Skysong uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year useful life and no residual value. The equipment is estimated to have a 10-year useful life and no residual value. Update depreciation on assets disposed of at the time of sale or retirement. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) | (b) Record adjusting entries for depreciation for 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually Date Account Titles and Explanatiorn Debit Credit Dec. 31 (To record building depreclation) Dec. 31 (To record equipment deprecition) LINK TO TEXT LINK TO TEXT

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