The property, plant, and equipment section of the Jasper Company’s December 31, 2020, balance sheet contained the following: Property, plant, and equipment: Land $ 120,000 Building $ 840,000 Less: Accumulated depreciation (200,000 ) 640,000 Equipment 180,000 Less: Accumulated depreciation ? ? Total property, plant, and equipment ? The land and building were purchased at the beginning of 2016. Straight-line depreciation is used and a residual value of $40,000 for the building is anticipated.

Explanation:

Land $ 120,000

Building $ 840,000 Less: Accumulated depreciation (200,000 ) 640,000

Equipment 180,000 Less: Accumulated depreciation ?

3 equipments:

We can also assume straight line depreciation is used for the equipment:

Equipment 1:

depreciation expense per year = $70,000 / 10 = $7,000

accumulated depreciation = $7,000 x 3 years = $21,000

Equipment 2:

depreciation expense per year = $80,000 / 8 = $10,000

accumulated depreciation = $10,000 x 1.5 years = $15,000

Equipment 3:

depreciation expense per year = $30,000 / 9 = $3,333.33

accumulated depreciation = $3,333.33 x 4/12 = $1,111.11 ≈ $1,111

total accumulated depreciation for equipment account = $21,000 + $15,000 + $1,111 = $37,111

answer; ///i believe the answer is (d) procedures to control the quailty of your product;