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non-current assets............2009.................................2008 land....

ID: 2435107 • Letter: N

Question

non-current assets............2009.................................2008
land........................... ? .............................$290,000.
building...................... $850,000. ............................$680,000.
less accum. dep. .......... -$370,000. ...........................-$330,000.
total non current assets... ? ........................... $640,000.
total assets................. ? ..........................$1,298,000.

data:
new build purch'd = $170,000.
building disposed = $0
new land appraisal= $420,000.

explain answers

Explanation / Answer

non-current assets.... ........2009.................................2008 land......................... $290,000 .............................$290,000. building..................... . $850,000. ............................$680,000. less accum. dep. ......... . -$370,000. ...........................-$330,000. total non current assets.. $770,000 ........................... $640,000. total assets............... $1,428,000..........................$1,298,000.