Question: Question 9 . 4 ( Total: 1 8 marks ) You are reviewing the financial statements of three companies in the same industry. Specifically, you

Question 9.4(Total: 18 marks)
You are reviewing the financial statements of three companies in the same industry. Specifically, you are interested in the transactions surrounding capital assets during the past year. The following information is available for the three companies.
Apple Co. Banana Co. Cherry Co.
Beginning capital assets, net of depreciation $850,500 $712,200 $488,300
Ending capital assets, net of depreciation 960,000706,800284,400
Depreciation expense 65,20049,300(c)
Gain (loss) on sale of capital assets 5,500(b)(16,800)
Costs of capital assets acquired 230,600128,00055,600
Proceeds from sale of capital assets (a)72,500184,900
Required
1. Compute the unknowns.

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