Juda Exercise Equipment, Inc. reported the following financial statements for 2016 EEE (Click the icon...
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Juda Exercise Equipment, Inc. reported the following financial statements for 2016 EEE (Click the icon to view the income statement. EEE (Click the icon to view the comparative balance sheet Read the reguirements. Requirement 1. Compute the amount of Juda Exercise s acquisition of plant assets. Juda Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $42,100. No cash was received upon disposal. The acquisitions of plant assets amounts to 95000 Requirement 2. Compute new borrowing or payment of long-term notes payable, with Juda Exercise having only one long-term note payable transaction during the year. The Y of long-term notes payable is
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