Wiley PLUS Assignment Week 2 Exercise BE9 13

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Wiley PLUS Assignment Week 2 Exercise BE9-13

Correct. Information related to plant assets, natural resources, and intangibles at the end of 2011 for Spain Company is as follows: buildings 1,100,000; accumulated depreciation-buildings 650,000; goodwill 410,000; coal mine 500,000; accumulated depletion-coal mine 108,000. Complete the partial balance sheet of Spain Company for these items. (List assets with smallest net book value first. Enter all amounts as positive amounts and subtract where necessary.) SPAIN COMPANY Balance Sheet (Partial) December 31, 2011 Property, plant, and equipment

Coal mine 500,000

Less: Accumulated depletion 108,000 392,000

Buildings 1,100,000

Less: Accumulated depreciation 650,000 450,000

Total...

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