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Enoblast Productions showed the following selected asset balances on December 31, 2020: Land Building Accumulated...

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Accounting

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Enoblast Productions showed the following selected asset balances on December 31, 2020: Land Building Accumulated depreciation, building? Equipment Accumulated depreciation, equipment? $416,800 546,400 401,600 181,200 78,000 "Remaining estimated useful life is eight years with a residual value of $40,000; depreciated using the straight-line method to the nearest whole month 2 Total estimated useful life is 10 years with a residual value of $16,000; depreciated using the double-declining balance method to the nearest whole month Penuired: Pacifica Papers Inc needed to conserve cash, so instead of a cash dividend the board of directors declared a 10% common share dividend on June 30, 2020, distributable on July 15, 2020. Because performance during 2020 was better than expected, the company's board of directors declared a $0.45 per share cash dividend on November 15, 2020, payable on December 1, 2020, to shareholders of record on November 30, 2020 The equity section of Pacifica's December 31, 2019, balance sheet showed: Common shares, unlimited shares authorized, 1,350,000 shares issued and outstanding Retained earnings $8,910,000 1,800,000

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