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en olgen 7. EX.09-03.ALGO (Algorithmic) Determining Cost of Land Fastball Delivery Company acquired an adjacent lot...
7. EX.09-03.ALGO (Algorithmic) Determining Cost of Land Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, paying $36,000 and giving a short-term note for $336,000. Legal fees paid were $1,675, delinquent taxes assumed were $14,100, and fees paid to remove an old building from the land were $16,600. Materials salvaged from the demolition of the building were sold for $5,600. A contractor was paid $1,130,900 to construct a new warehouse. Determine the cost of the land to...
Determining Cost of Land Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, paying $27,000 and giving a short-term note for $268,000. Legal fees paid were $1,910, delinquent taxes assumed were $11,100, and fees paid to remove an old building from the land were $22,600. Materials salvaged from the demolition of the building were sold for $4,400. A contractor was paid $896,800 to construct a new warehouse. Determine the cost of the land to be reported on...
Determining Cost of Land Fastball Delivery Company acquired an adjacent lot to construct a new warehouse, paying $41,000 and giving a short term note for $267.000. Legal fees paid were $1,815, delinquent taxes assumed were $11,200, and fees paid to remove an old building from the land were $23,000. Materials salvaged from the demolition of the building were sold for $4,600. A contractor was paid $936,300 to construct a new warehouse. Determine the cost of the land to be reported...
Determining Cost of Land On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $26,000 and giving a short-term note for $335,000. Legal fees paid were $1,830, delinquent taxes assumed were $9,800, and fees paid to remove an old building from the land were $21,900. Materials salvaged from the demolition of the building were sold for $5,400. A contractor was paid $1,097,400 to construct a new warehouse. Determine the cost of the land to be reported on...
Cost of Land On-Time Delivery Company acquired an adjacent lot were $2,480, delinquent taxes demolition of the building were sold for $5,300. A contractor was paid $1,073,100 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet. to construct a new warehouse, paying $32,000 and giving a short-term note for $321,000. Legal fees paid assumed were $13,300, and fees paid to remove an old building from the land were $18,600. Materials salvaged...
8. EX.09-07.ALGO (Algorithmic) Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $93,780 and estimated residual value of $7,300 is expected to have a useful operating life of 46,000 hours. During February, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.
On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $35,000 in cash and giving a short-term note for $294,000. Legal fees paid were $1,750, delinquent taxes assumed were $12,400, and fees paid to remove an old building from the land were $18,300. Materials salvaged from the demolition of the building were sold for $4,900. A contractor was paid $1,000,200 to construct a new warehouse.
PLEASE HELP! Determining Cost of Land On-Time Delivery Company acquired an adiacent lot to construct a new warehouse, paying $30,000 in cash and giving a short-term nate for $289.000. Legal fees paid were $1,765, delinquent taxes assumed were $10,700, and fees paid to remove an old building from the land were $17,800. Materials salvaged from the demolition of the building were sold for $4,800. A contractor was paid $969,800 to construct a new warehouse. Determine the cost of the land...
Show Me How Debermining Cest of Land Festhal Delivery Company acquired en ogacent lot to construct ฮ nre marehoune, peyno e new warehouse, paying $27,000 and giving a short-term note for $268,000. Legpal fees paid were $1,910, toremove an old buldng from the land were %22,000. Materiais salvaged from the demolbonofthe buidrg T told- for $4,400 A contractor was paid $896,800 to construct a new warehouse. Determine the cost of the land to be reported on the balance sheet mone...
14. EX.09-18.ALGO (Algorithmic) Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $338.100. has an estimated useful life of 7 years and an estimated residual value of $44,100. a. What was the annual amount of depreciation for the Years 1-3 using the straight-line method of depreciation? Year Depreciation Expense Year 1 $ Year 2 $ Year 3$ b. What was the book value of the equipment on January 1 of Year 4? C. Assuming that the...