E9-2 Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] [The following...
Required Information E9-2 Computing and Recording a Basket Purchase and Straight-Line Depreciation (LO 9-2, LO 9-3) {The following Information applies to the questions displayed below) Bridge City Consulting bought a building and the land on which it is located for $135,000 cash. The land is estimated to represent 50 percent of the purchase price. The company paid $6.000 for building renovations before it was ready for use E9-2 Part 3 and 4 3. Compute straight-line depreciation on the building at...
Required information E9-2 Computing and Recording a Basket Purchase and Straight-Line Depreciation (LO 9-2, LO 9-3) [The following information applies to the questions displayed below.) Bridge City Consulting bought a building and the land on which it is located for $205,000 cash. The land is estimated to represent 50 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use. E9-2 Part 2 Required: 2. Prepare the journal entry to record all expenditures....
Required information E9-2 Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9.2, LO 93] [The following information applies to the questions displayed below Bridge City Consulting bought a building and the land on which it is located for $182,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $22,000 for building renovations before it was ready for use. E9-2 Part2 Required: 2. Prepare the journal entry to record all expenditures. Assume...
Required Information E9-2 Computing and Recording a Basket Purchase and Straight-Line Depreciation [LO 9-2, LO 9-3] The following information applies to the questions displayed below] Bridge City Consulting bought a building and the land on which it is located for $135,000 cash. The land Is estimated to represent 50 percont of the purchase price. The company patd $6,000 for building renovations before it was ready for use E9-2 Part 2 Required: 2 Prepare the journal entry to record all expenditures....
pter 9 - Assignment 16 1 of 2 Required information E9-2 Computing and Recording a Basket Purchase and Straight Line Depreciation (LO 9-2, LO 9-3) [The following information applies to the questions displayed below) Bridge City Consulting bought a building and the land on which it is located for $160,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $20,000 for building renovations before it was ready for use E9-2 Part 2 Required:...
E8-4 Computing and Recording Cost and Depreciation of Assets in a Basket Purchase (Straight-Line Depreciation) LO8-2, 8-3 Zeidler Company bought a building and the land on which the building is located for a total cash price of $178,500. The company paid transfer costs of $2,100. Renovation costs on the building were $20,780. An independent appraiser provided market values for the land, $120,000, and building, $280,000 before renovation. Required: 1. Apportion the cost of the property on the basis of the...
[The following information applies to the questions displayed below.] Bridge City Consulting bought a building and the land on which it is located for $160,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $10,000 for building renovations before it was ready for use. We were unable to transcribe this image3. Compute straight-line depreciation on the building at the end of one year, assuming an estimated 10- year useful life and a $6,000...
Bridge City Consulting bought a building and the land on which it is located for $200,000 cash. The land is estimated to represent 60 percent of the purchase price. The company paid $30,000 for building renovations before it was ready for use. Required: 2. Prepare the journal entry to record all expenditures. Assume that all transactions were for cash and they occurred at the start of the year. (If no entry is required for a transaction/event, select "No Journal Entry...
E9-3 Determining Financic Statement Effects of an Asset Acquisition and Straight-Line Depreciation [LO 9-2, LO 9-3] O'Connor Company ordered a machine on January 1 at a purchase price of $60.000. On the date of delivery, January 2, the company pard $15,000 on the machine and signed a long-term note payable for the balance. On January 3, it paid $600 for freight on the machine. On January 5, O'Connor paid cash for installation costs relating to the machine amounting to $3,600....
Saved E9-3 Determining Financial Statement Effects of an Asset Acquisition and Straight-Line Depreciation (LO 9-2, LO 9-3) O'Connor Company ordered a machine on January 1 at a purchase price of $15,000. On the date of delivery, January 2 the company paid $4,000 on the machine and signed a long-term note payable for the balance. On January 3, it paid $200 for freight on the machine. On January 5, O'Connor paid cash for installation costs relating to the machine amounting to...