P10-4 (lo1,4,6) groupwork (dispositions, including condemnation,
P10-4 (LO1,4,6) GROUPWORK (Dispositions, Including Condemnation, Demolition, and Trade-In) Presented below is a schedule of property dispositions for Hollerith Co. Schedule of Property Dispositions Cost Accumulated Depreciation Cash Proceeds Fair Value Nature of Disposition Land $40,000 — $31,000 $31,000 Condemnation Building 15,000 — 3,600 — Demolition Warehouse 70,000 $16,000 74,000 74,000 Destruction by fire Machine 8,000 2,800 900 7,200 Trade-in Furniture 10,000 7,850 — 3,100 Contribution Automobile 9,000 […]