ANSWER D $75990
Cost of the Land= $72000+$700+$1700+$1060+$640-$110= $75990
paving of parking lot is not including in cost of land
salvage value of lumber of shed has to be deducted
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as...
Sheridan Company acquires land for $81000 cash. Additional costs are as follows. Removal of shed $500 Filling and grading 1900 Salvage value of lumber of shed 110 Broker commission 1250 Paving of parking lot 10000 Closing costs 460
Sheridan Company acquires land for $81000 cash. Additional costs are as follows. Removal of shed $500 Filling and grading 1900 Salvage value of lumber of shed 110 Broker commission 1250 Paving of parking lot 10000 Closing costs 460
Bonita Company acquires land for $86900 cash. Additional costs
are as follows:
Removal of shed
$ 300
Filling and grading
1500
Salvage value of lumber of
shed
120
Broker commission
1100
Paving of parking lot
10000
Closing costs
510
Bonita will record the acquisition cost of the land as
$90190.
$90430.
$96900.
$88510.
Sheridan Company acquires land for $71000 cash. Additional costs
are as follows.
Removal of shed
$400
Filling and grading
1800
Salvage value of lumber of shed
170
Broker commission
1330
Paving of parking lot
12000
Closing costs
580
Sheridan will record the acquisition cost of the land as
$75280.
$74940.
$71000.
$72910.
please help with these accouting questions!
IV ab X X APA 1 Styles Styles Pane Sensiti 7. Burke Company purchases land for $180,000 cash. Burke assumes $5,000 in property taxes due on the land. The title and attorney fees totaled $2,000. Burke has the land graded for $4,400. They paid $20,000 for paving of a parking lot. What amount does Burke record as the cost for the land? A) $186,400. B) $211,400 C) $191,400 D) $180,000. 8. Ramirez Company acquires...