Question: what is the correct answer? Problem 9-5A At December 31, 2016, Vaughn SA reported the following as plant assets. ? 2,939,000 Land Buildings Less: Accumulated


what is the correct answer?
Problem 9-5A At December 31, 2016, Vaughn SA reported the following as plant assets. ? 2,939,000 Land Buildings Less: Accumulated depreciation-buildings Equipment Less: Accumulated depreciation- equipment C26,294,000 11,032,000 39,342,000 15,262,000 5,319,000 34,023,000 Total plant assets C52,224,000 During 2017, the following selected cash transactions occurred. April 1 Purchased land for C2,022,000. May 1 Sold equipment that cost 885,000 when purchased on January 1, 2013. The equipment was sold for 548,700 June 1 Sold land purchased on June 1, 2007 for 1,789,000. The land cost 309,000. July 1 Purchased equipment for 2,421,000 Dec. 31 Retired equipment that cost 499,000 when purchased on December 31, 2007. No residual value was received
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