Homework Answers
| Line 1 | A | A | land |
| Line 2 | A | B | plant equipment |
| Line 3 | D | C | expense |
| Line 4 | D | D | building |
| Line 5 | D | E | delivery truck |
| Line 6 | C | F | Land improvement |
| Line 7 | C | ||
| Line 8 | A | ||
| Line 9 | F | ||
| Line 10 | C | ||
| Line 11 | D | ||
| Line 12 | F | ||
| Line 13 | F | ||
| Line 14 | C | ||
| Line 15 | B | ||
| Line 16 | B | ||
| Line 17 | B | ||
| Line 18 | B | ||
| Line 19 | F | ||
| Line 20 | F | ||
| Line 21 | C | ||
| Line 22 | E | ||
| Line 23 | E | ||
| Line 24 | E | ||
| Line 25 | C | ||
| Line 26 | C | ||
| Line 27 | C |
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Question Completion Status: RE Cost of land Attorney's fee, land acquisition Architect's fee, building design Accrued...
Remaining me. I lui, Question Completion Status: OTT 5 500S UE. Warehouse no purtre equipment Scarropel...
Remaining me. I lui, Question Completion Status: OTT 5 500S UE. Warehouse no purtre equipment Scarropel Line Cost of land Attorney's fee, land acquisition Architect's fee, building design Accrued Taxes on Land Construction cost of Building Annual Salary of staff who supervised the construction of the building for six months RESE BARENESS CE 300.000 15,000 35,000 2.500 975,000 80.000 Interest charges on loan for building paid during 3 construction 5.500 22.000 55,000 5.000 25.000 00BBLE 6.500 5.600 62 150.000 Closing...
Stanley Corp. incurred the following costs to accquire land, make land improvements, construct a Warehouse and...
Stanley Corp. incurred the following costs to accquire land, make land improvements, construct a Warehouse and purchase equipment to start operating its sporting goods business. Line 1 Cost of land 300,000 2 Attorney’s fee, land acquisition 15,000 3 Architect’s fee, building design 35,000 4 Accrued Taxes on Land 2,500 5 Construction cost of Building 975,000 6 Annual Salary of staff who supervised the construction of the building for six months 80,000 7 Interest charges on loan for building paid during...
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...
Sheridan Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Bulldings,...
Sheridan Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Bulldings, and to Machinery and Equipment. Abstract company's fee for title search Architet's fees Cash paid for land and dilapidated building thereon Removal of old building $1,014 6,182 169,650 $39,000 Less: Salvage Interest on short-term loans during construction Excavation before construction for basement Machinery purchased (subject to 2% cash discount, which was not taken) Freight on machinery purchased Storage charges on machinery, necessitated by noncompletion...
Acquisition of Land and Building On February 1, 2019, Edwards Corporation purchased a parcel of land...
Acquisition of Land and Building On February 1, 2019, Edwards Corporation purchased a parcel of land as a factory site for $120,000. It demolished an old building on the property and began construction on a new building that was completed on October 2, 2019. Costs incurred during this period are: Demolition of old building $ 10,000 Architect's fees 20,000 Legal fees for title investigation and purchase contract 5,000 Construction costs 625,000 Edwards sold salvaged materials resulting from the demolition for...
CALCULATOR PRINIER VERSION BACK NEX $24,000 Exercise 10-05 Waterway Supply Company, a newly formed corporation, incurred...
CALCULATOR PRINIER VERSION BACK NEX $24,000 Exercise 10-05 Waterway Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment Abstract company's fee for title search 5624 Architect's fees 3,304 Cash paid for land and dilapidated building thereon 104,400 Removal of old building Lass: Salvage 5.600 17,400 Interest on short-term loans during construction 8,880 Excavation before construction for basement 22.300 Machinery purchased (subject to 2% cash discount, which was not taken)...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation,...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation, incurred the ST0-(L01,3) (Treatment of Various Costs) Ben Sisko Supply Company Equipment mg expenditures related to Land, to Buildings, and to Machinery and $ 520 Abstract company's fee for title search 3,170 Architect's fees 87,000 Cash paid for land and dilapidated building thereon $20,000 Removal of old building 5,500 14,500 Less Salvage 7.400 Interest on short-term loans during construction 19,000 Excavation before construction for...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation,...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation, incurred the ST0-(L01,3) (Treatment of Various Costs) Ben Sisko Supply Company Equipment mg expenditures related to Land, to Buildings, and to Machinery and $ 520 Abstract company's fee for title search 3,170 Architect's fees 87,000 Cash paid for land and dilapidated building thereon $20,000 Removal of old building 5,500 14,500 Less Salvage 7.400 Interest on short-term loans during construction 19,000 Excavation before construction for...
s101(LO 1) (Acquisition Costs of Realty) The following expenditures and receipts are related o land, land...
s101(LO 1) (Acquisition Costs of Realty) The following expenditures and receipts are related o land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. . Money borrowed to pay building contractor (signed a note) h Payment for construction from note proceeds $(275,000) 275,000 c. Cost of land fill and clearing d. Delinquent real estate taxes on property assumed by purchaser e. Premium on 6-month insurance policy during construction fRefund of 1-month insurance...
Skysong Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings,...
Skysong Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company’s fee for title search $598 Architect’s fees 3,646 Cash paid for land and dilapidated building thereon 100,050 Removal of old building $23,000 Less: Salvage 6,325 16,675 Interest on short-term loans during construction 8,510 Excavation before construction for basement 21,850 Machinery purchased (subject to 2% cash discount, which was not taken) 63,250 Freight on machinery purchased 1,541 Storage...
Remaining me. I lui, Question Completion Status: OTT 5 500S UE. Warehouse no purtre equipment Scarropel Line Cost of land Attorney's fee, land acquisition Architect's fee, building design Accrued Taxes on Land Construction cost of Building Annual Salary of staff who supervised the construction of the building for six months RESE BARENESS CE 300.000 15,000 35,000 2.500 975,000 80.000 Interest charges on loan for building paid during 3 construction 5.500 22.000 55,000 5.000 25.000 00BBLE 6.500 5.600 62 150.000 Closing...
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...
Sheridan Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Bulldings, and to Machinery and Equipment. Abstract company's fee for title search Architet's fees Cash paid for land and dilapidated building thereon Removal of old building $1,014 6,182 169,650 $39,000 Less: Salvage Interest on short-term loans during construction Excavation before construction for basement Machinery purchased (subject to 2% cash discount, which was not taken) Freight on machinery purchased Storage charges on machinery, necessitated by noncompletion...
Acquisition of Land and Building On February 1, 2019, Edwards Corporation purchased a parcel of land as a factory site for $120,000. It demolished an old building on the property and began construction on a new building that was completed on October 2, 2019. Costs incurred during this period are: Demolition of old building $ 10,000 Architect's fees 20,000 Legal fees for title investigation and purchase contract 5,000 Construction costs 625,000 Edwards sold salvaged materials resulting from the demolition for...
CALCULATOR PRINIER VERSION BACK NEX $24,000 Exercise 10-05 Waterway Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment Abstract company's fee for title search 5624 Architect's fees 3,304 Cash paid for land and dilapidated building thereon 104,400 Removal of old building Lass: Salvage 5.600 17,400 Interest on short-term loans during construction 8,880 Excavation before construction for basement 22.300 Machinery purchased (subject to 2% cash discount, which was not taken)...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation, incurred the ST0-(L01,3) (Treatment of Various Costs) Ben Sisko Supply Company Equipment mg expenditures related to Land, to Buildings, and to Machinery and $ 520 Abstract company's fee for title search 3,170 Architect's fees 87,000 Cash paid for land and dilapidated building thereon $20,000 Removal of old building 5,500 14,500 Less Salvage 7.400 Interest on short-term loans during construction 19,000 Excavation before construction for...
ed to Instructie Prepare the 510-7 warehou building how it should be reported. newly formed corporation, incurred the ST0-(L01,3) (Treatment of Various Costs) Ben Sisko Supply Company Equipment mg expenditures related to Land, to Buildings, and to Machinery and $ 520 Abstract company's fee for title search 3,170 Architect's fees 87,000 Cash paid for land and dilapidated building thereon $20,000 Removal of old building 5,500 14,500 Less Salvage 7.400 Interest on short-term loans during construction 19,000 Excavation before construction for...
s101(LO 1) (Acquisition Costs of Realty) The following expenditures and receipts are related o land, land improvements, and buildings acquired for use in a business enterprise. The receipts are enclosed in parentheses. . Money borrowed to pay building contractor (signed a note) h Payment for construction from note proceeds $(275,000) 275,000 c. Cost of land fill and clearing d. Delinquent real estate taxes on property assumed by purchaser e. Premium on 6-month insurance policy during construction fRefund of 1-month insurance...
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