Lobo Corporation's property, plant, and equipment section included land valued at $523,020, buildings valued at $1,546,320 with an acquisition of $1,569,060, and land improvements valued at $534,390 with an acquisition of $216,030. Machinery originally cost $100,056 with a 20% depreciation rate, resulting in $13,644 in annual depreciation and a value of $59,124 on July 1, 2014, which was then sold for $45,480, resulting in a $13,644 loss. Equipment originally had an opening value of $2,183,040 and $1,043,766 was purchased, including additional costs.