At December 31, 2025, Bramble Corporation reported the following plant assets. During 2026, the following...
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Accounting
At December 31, 2025, Bramble Corporation reported the following plant assets. During 2026, the following selected cash transactions occurred. Apr. 1 Purchased land for $3,137,200. May 1 Sold equipment that cost $855,600 when purchased on January 1,2019 . The equipment was sold for $242,420. June 1 Sold land for $2,281,600. The land cost $1,426,000. July 1 Purchased equipment for $1,568,600. Dec. 31 Retired equipment that cost $998,200 when purchased on December 31, 2016. No salvage value was received. Prepare the plant assets section of Bramble's balance sheet at December 31, 2026. (List Plant Assets in order of Land, Building, and Equipment.)
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