Question: one pic for question8 and three pic for question9 Question 8 View Policies Current Attempt in Progress On March 1, 2022, Crane Company acquired real




one pic for question8 and three pic for question9




Question 8 View Policies Current Attempt in Progress On March 1, 2022, Crane Company acquired real estate, on which it planned to construct a small ofce building, by paying $86,500 in cash. An old warehouse on the property was demolished at a cost of $9,500; the salvaged materials were sold for $1,960. Additional expenditures before construction began included $1,460 attorney's fee for work concerning the land purchase, $5,150 real estate broker's fee, $8,960 architect's fee, and $15,300 to put in driveways and a parking lot. (a) Determine the amount to be reported as the cost of the land. Cost of land $ --/1 Question 9 -41 View Policies Current Attempt in Progress Carla Vista Co. had the following assets on January 1, 2022. Useful Life Item Cost Purchase Date (in years) Salvage Value Machinery $66,000 Jan. 1, 2012 10 $ 0 Forklift 25,000 Jan. 1, 2019 5 0 Truck 31,400 Jan. 1, 2017 8 3,000 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $11,500. The truck was discarded on December 31. Journalize all entries required on the above dates, including entries to update depreciation, where applicable, on disposed assets. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. if no entry is required, select \"No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit (To record depreciation expense on forklift) (To record sale of forklift) (To record depreciation expense on truck)(To record sale of forklift) (To record depreciation expense on truck) M (To record sale of truck) ede-hnnk and Media
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