Question: Problem 4-13 Livetree Ltd. is developing a detailed financial plan for next year and expects to have the following fixed asset accounts by the end

 Problem 4-13 Livetree Ltd. is developing a detailed financial plan for

Problem 4-13 Livetree Ltd. is developing a detailed financial plan for next year and expects to have the following fixed asset accounts by the end of this year. The capital plan already completed calls for expenditures of $7,070,000 on new equipment next year, which will be depreciated straight line over a 10-year period without a half-year convention. Assets currently on the books will depreciate by $4,256,000 next year. Develop Livetree's ending fixed asset balances for the planned year. Enter accumulated depreciation amounts with a minus sign. Fixed Assets Begin Add End Gross $45,760,000 Accumulated Depreciation (26,346,000) Net Fixed Assets $19,414,000

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