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The Following Items Are From The Assets Section of Devon
The Following Items Are From The Assets Section of Devon
#8471
The following items are from the assets section of Devon
The following items are from the assets section of Devon Limited's December 31, 2018,
statement of financial position:
Accumulated depreciation-buildings..............27,595
Accumulated depreciation-equipment...........146,550
Buildings................................................58,275
Cash....................................................100,460
Equipment.............................................287,400
Goodwill................................................39,590
Inventory..............................................105,320
Land...................................................207,290
Patent...................................................20,225
Prepaid expenses.......................................13,950
Instructions
(a) Identify the statement of financial position category in which each of the above assets should
be classified.
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