Sheridan Company acquires land for $71000 cash. Additional costs are as follows. Removal of shed $400...
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. |
Homework Answers
|
Acquisition cost of the land = 71,000+400+1800-170+1330+580 = 74,940. Option B is the answer |
|
| Comment if you face any issues |
Add Answer to:
Sheridan Company acquires land for $71000 cash. Additional costs
are as follows.
Removal of shed
$400...
Sheridan Company acquires land for $81000 cash. Additional costs are as follows. Removal of shed $500...
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...
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Bonita Company acquires land for $86900 cash. Additional costs are as follows: Removal of shed $...
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.
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as...
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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.
nment Multiple Choice Question 60 Crane Company acquires land for $72000 cash. Additional costs are as follows. Removal of shed $700 1700 110 Filling and grading Salvage value of lumber of shed Broker commission Paving of parking lot Closing costs 1060 8000 640 Crane will record the acquisition cost of the la $72000. $76210. O $73700. $75990 LINK TO TEXT
please help with these accouting questions!
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