Homework Answers
| Amount paid for Land | 390000 | =70000+320000 |
| Delinquent property tax | 4000 | |
| Title insurance | 3000 | |
| Leveling charges | 7000 | |
| The cost of the land is | 404000 | |
| Fencing | 51000 | |
| Sign | 12000 | |
| Special lighting | 6000 | |
| The total cost of the land improvements is | 69000 | |
| The cost of the building is | 600000 |
E9-17 Determining the cost of assets Lawson Furniture purchased land, paying $65,000 cash and signing a...
E9-17 Determining the cost of assets Lawson Furniture purchased land, paying $65,000 cash and signing a $250,000 notes payable. In addition, Lawson paid delinquent property tax of $5,000, title insurance costing $4,000, and $9,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $400,000. It also paid $54,000 for a fence around the property, $12,000 for a sign near the entrance, and $8,000 for special lighting of the grounds.
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000...
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000 cash and signing a $250.300 note In addition, Lawson paid delinquent property tax of $5,000, title insurance 4 000, and $9,000 to level the land and remove an unwanted building company then constructed an office buildin office building at a cost of $400,000. It also paid ca fence around the property, $12,000 for a sign near the entrance, and Posting $4,000, and $9.000....
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note...
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note payable for the balance. In addition, Belvidere Systems paid delinquent property tax of $3,000, tle insurance costing $3,500, and a $12,100 charge for leveling the land and removing an unwanted building. The company constructed of $900,000. It also paid $51,000 for a fence around the property, $12,000 for the company an office building on the land at a cost the company sign near the...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing a $300.000 payable. In addition, Highland paid delinquent property tax of $1,100, title in costing $600, and $4,600 to level the land and remove an unwanted building the journal entry for purchase of the land.
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga...
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga Emmanuel & 11/12/19 12:47 PM Homework: HW 9/11 due 9/13 Save 1 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt S9-1 (similar to) Question Help Highland Clothing purchased land, paying $118,000 cash and signing a $270,000 note payable. In addition, Highland paid delinquent property tax of $1,600, title insurance costing $900, and $6.200 to level the...
1). Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition,...
1).
Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition, Alpine paid delinquent property tax of $1,700, title insurance costing $1,550, and $4,200 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs: Total cost of land
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small...
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small building he following costs to acquire land, make land a. Purchase price of three acres of land 86,000 6,300 b. Delinquent real estate taxes uent real estate taxes on the land to be paid by Safe Parking c. Additional dirt and earthmoving 8.400 3,400 d. Title insurance on the land acquisition 9.600 e. Fence around the boundary of the property 900 f. Building permit...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Bldg. 5446,100 a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Park and Fly C. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary...
1. set up collumns for land land improvements building and furniture show how to account for...
1.
set up collumns for land land improvements building and furniture
show how to account for each cost by listing the cost under the
correct account determine the total cost of each asset
2. all construction was complete and the assets were placed in
service on october 1 record partial- year deprecation expence for
the year ended december 31 round to the nearest dollar
acquire land, make earning Objectives 1, 2 > Problems Group A P10-30A Determining asset cost and...
Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment,...
Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment, or other account. 1. Cost of paving parking area for employees and customers. 2. Insurance during construction of building. . Interest incurred on loan during construction of building. 4. Fee paid for installation of equipment. 5. Special foundation for new equipment acquired. 6. Insurance on new equipment while in transit. 7. Freight charges on new equipment. 8. Cost of repairing vandalism damage to equipment...
E9-17 Determining the cost of assets Lawson Furniture purchased land, paying $65,000 cash and signing a $250,000 notes payable. In addition, Lawson paid delinquent property tax of $5,000, title insurance costing $4,000, and $9,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $400,000. It also paid $54,000 for a fence around the property, $12,000 for a sign near the entrance, and $8,000 for special lighting of the grounds.
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000 cash and signing a $250.300 note In addition, Lawson paid delinquent property tax of $5,000, title insurance 4 000, and $9,000 to level the land and remove an unwanted building company then constructed an office buildin office building at a cost of $400,000. It also paid ca fence around the property, $12,000 for a sign near the entrance, and Posting $4,000, and $9.000....
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note payable for the balance. In addition, Belvidere Systems paid delinquent property tax of $3,000, tle insurance costing $3,500, and a $12,100 charge for leveling the land and removing an unwanted building. The company constructed of $900,000. It also paid $51,000 for a fence around the property, $12,000 for the company an office building on the land at a cost the company sign near the...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing a $300.000 payable. In addition, Highland paid delinquent property tax of $1,100, title in costing $600, and $4,600 to level the land and remove an unwanted building the journal entry for purchase of the land.
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga Emmanuel & 11/12/19 12:47 PM Homework: HW 9/11 due 9/13 Save 1 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt S9-1 (similar to) Question Help Highland Clothing purchased land, paying $118,000 cash and signing a $270,000 note payable. In addition, Highland paid delinquent property tax of $1,600, title insurance costing $900, and $6.200 to level the...
1).
Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition, Alpine paid delinquent property tax of $1,700, title insurance costing $1,550, and $4,200 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs: Total cost of land
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small building he following costs to acquire land, make land a. Purchase price of three acres of land 86,000 6,300 b. Delinquent real estate taxes uent real estate taxes on the land to be paid by Safe Parking c. Additional dirt and earthmoving 8.400 3,400 d. Title insurance on the land acquisition 9.600 e. Fence around the boundary of the property 900 f. Building permit...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Bldg. 5446,100 a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Park and Fly C. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary...
1.
set up collumns for land land improvements building and furniture
show how to account for each cost by listing the cost under the
correct account determine the total cost of each asset
2. all construction was complete and the assets were placed in
service on october 1 record partial- year deprecation expence for
the year ended december 31 round to the nearest dollar
acquire land, make earning Objectives 1, 2 > Problems Group A P10-30A Determining asset cost and...
Identify each of the following expenditures as chargeable to Land, Land Improvements, Buildings, Machinery and Equipment, or other account. 1. Cost of paving parking area for employees and customers. 2. Insurance during construction of building. . Interest incurred on loan during construction of building. 4. Fee paid for installation of equipment. 5. Special foundation for new equipment acquired. 6. Insurance on new equipment while in transit. 7. Freight charges on new equipment. 8. Cost of repairing vandalism damage to equipment...
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