Brief Exercise 9-13

Information related to plant assets, natural resources, and intangibles at the end of 2019 for Dent Company is as follows: buildings $1,100,000, accumulated depreciation—buildings $600,000, goodwill $410,000, coal mine $500,000, and accumulated depletion—coal mine $108,000.

Prepare a partial balance sheet of Dent Company for these items. (List Property, Plant and Equipment in order of Coal Mine and Buildings.)

Dent Company
Balance Sheet (partial)



$


$







$



$

$1,302,000

Explanation:

                                         Dent Company

                                 Balance Sheet (partial)

                              As at December 31, 2019

Property, Plant, & Equipment

Buildings                                                           $1,100,000

Less: accumulated depreciation—buildings $(600,000)

Net book value of Buildings                                                $500,000

Coal mine                                                          $500,000

Less: accumulated depletion—coal mine      $(108,000)

Net Book value of Coal Mine                                               $392,000  

Total property, plant, and equipment                                 $892,000

Intangible Assets

Goodwill                                                                                 $410,000  

Total assets (Long-term Assets)                                        $1,302,000

answer; i believe the answer is 40,600,000;