Non current assets $(1,5$ points$)$

A$.$ On January $2,2022,$ a company purchased a machine for $lonB0,000.$ The machine has an estimated useful life of $5$

years and an estimated residual value of $65,000.$ In addition, the company expects to use the machine for $60,000$

hours. Assuming that the machine will be used $6,000$ and $8,000$ hours during $2022$ and $2023,$ respectively, complete

the following table.

B$.$ On November $1,2021,$ a company purchased a plot of land for $590,000,$ and made the following disbursements:

notary and real estate agent fees $35,000,$ transaction taxes $($non$-$deductible$)50,000,$ drainage, cleaning, and

demolition of unusable buildings $lon12,000.$ The land was sold in cash on May $1,2023,$ for $750,000.$

a$.$ Record the entry in the journal corresponding to the purchase of the land.

b$.$ Record the entry in the journal corresponding to the sale of the land.

Equity $(1$ punto$)$

A$.$ Prepare the journal entries corresponding to the transactions detailed below:

On March $1$ the General Meeting of a public limited company decides the distribution of the profit after tax of

previous year, as follows:

Profit before taxes $100\mathrm{.}000$

Income tax expense $25\mathrm{.}000$

Capital $100\mathrm{.}000$

Distribution:

$10\%$ a Legal Reserve

A dividend of $10\%$ of capital

The remainder to Voluntary reserves

Record the journal entry.