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Problem \#3 (3/10): ABC Inc. bought land and built its plant 10 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 20 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using decliningbalance method with depreciation rate of 10%. Complete the Balance Sheet below by filling all blanks. For those who provides answer on your own paper, provide answers for each category below: Problem \#3 ( 3/10) : ABC Inc. bought land and built its plant 10 years ago. Land is not depreciated. The depreciation on the building and plant is calculated using the straight-line method, with a life of 20 years and a salvage value of $1,000,000. The depreciation for the equipment, all of which was purchased at the same time the plant was constructed, is calculated using decliningbalance method with depreciation rate of 10%. Complete the Balance Sheet below by filling all blanks. A RC Induetrine For those who provides answer on your own paper, provide answers for each category below: Total Current Assets = Total Long Term Assets = Total Assets = Total Liabilities and Owner's Equity = Total Current Liabilities = Accounts Payable =

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