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14 115 116 117 Question 2 (10 marks) Cedar Incorporated paid $625,000 for land. The company...
Question 1 Cobalt Manufacturing purchased equipment and a delivery vehicle on January 1, 2019. The equipment...
Question 1 Cobalt Manufacturing purchased equipment and a delivery vehicle on January 1, 2019. The equipment cost $65,000 and has an estimated useful life of 8 years with a residual value of $9,000 The delivery vehicle cost $150,000 and has an estimated life of 4 years or 200,000 kilometres and a residual value of $14,000. The delivery truck is expected to be driven 35,000 and 40,000 kilometres in 2019 and 2020, respectively. Required 1. Cobalt has decided to depreciate the...
exercise 10-2 and 10-3 please Cala Manufacturing purchases land for $390,000 as part of its plans...
exercise 10-2 and 10-3 please
Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down an old building on the lot and $47,000 to fill and level the lot. It also pays con- struction costs of $1,452,200 for the new building and $87,800 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid...
Question 12 (1 point) The capitalized cost of land excludes: The purchase price of the land....
Question 12 (1 point) The capitalized cost of land excludes: The purchase price of the land. Title insurance paid at the time of purchase. Real estate commissions associated with the sale. Property taxes for the first year owned. Question 13 (1 point) An exclusive 20-year right to manufacture a product or use a process is a: Patent Copyright. Trademark. Franchise Question 14 (1 point) The cost of constructing a new parking lot at the company's office building would be recorded...
This is all the information that has been provided to me to complete this question. Please help
This is all the information that has been provided to me to
complete this question. Please help
t Landscapes by Design purchased land with an office building, equipment shed, abandoned warehouse, pond with a foot bridge, parking lot and lighting for a lump-sum cost of $1,750,000. A downpayment of $495,000 was paid in cash with the balance on a long-term mortgage. The appraised values are as follows Land Pond and foot bridge Parking lot and ighting Office building Equipment shed...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $256 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation During installation, the machine was damaged and $370 worth of repairs were made. Complete the below table to calculate the...
In October 2019, Old City Antiques onened a new checking account at Barnett Bank. The bank statement dated Oct...
In October 2019, Old City Antiques onened a new checking account at Barnett Bank. The bank statement dated October 31, 2019, for Old City Antiques follows: Beginning Balance, October 1, 2019 Deposits and other credits Oct. 2 10 17 19 $36,000 800 14,000 52,000 450 50 103,300 20 24. EFT St. Augustine Hotel 31. Interest revenue Checks and other debits: Oct. 2 EFT to FPL (utilities) 6 Ck#325 10 Ck#327 10 Ck#326 27 Ck#329 27 EFT to ATT 28 Ck#340...
Question 1 Cobalt Manufacturing purchased equipment and a delivery vehicle on January 1, 2019. The equipment cost $65,000 and has an estimated useful life of 8 years with a residual value of $9,000 The delivery vehicle cost $150,000 and has an estimated life of 4 years or 200,000 kilometres and a residual value of $14,000. The delivery truck is expected to be driven 35,000 and 40,000 kilometres in 2019 and 2020, respectively. Required 1. Cobalt has decided to depreciate the...
exercise 10-2 and 10-3 please
Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down an old building on the lot and $47,000 to fill and level the lot. It also pays con- struction costs of $1,452,200 for the new building and $87,800 for lighting and paving a parking area. Prepare a single journal entry to record these costs incurred by Cala, all of which are paid...
Question 12 (1 point) The capitalized cost of land excludes: The purchase price of the land. Title insurance paid at the time of purchase. Real estate commissions associated with the sale. Property taxes for the first year owned. Question 13 (1 point) An exclusive 20-year right to manufacture a product or use a process is a: Patent Copyright. Trademark. Franchise Question 14 (1 point) The cost of constructing a new parking lot at the company's office building would be recorded...
This is all the information that has been provided to me to
complete this question. Please help
t Landscapes by Design purchased land with an office building, equipment shed, abandoned warehouse, pond with a foot bridge, parking lot and lighting for a lump-sum cost of $1,750,000. A downpayment of $495,000 was paid in cash with the balance on a long-term mortgage. The appraised values are as follows Land Pond and foot bridge Parking lot and ighting Office building Equipment shed...
Rizio Co. purchases a machine for $12,800, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $256 discount. Transportation costs of $289 were paid by Rizio. The machine required mounting and power connections costing $885. Another $417 is paid to assemble the machine and $40 of materials are used to get it into operation During installation, the machine was damaged and $370 worth of repairs were made. Complete the below table to calculate the...
In October 2019, Old City Antiques onened a new checking account at Barnett Bank. The bank statement dated October 31, 2019, for Old City Antiques follows: Beginning Balance, October 1, 2019 Deposits and other credits Oct. 2 10 17 19 $36,000 800 14,000 52,000 450 50 103,300 20 24. EFT St. Augustine Hotel 31. Interest revenue Checks and other debits: Oct. 2 EFT to FPL (utilities) 6 Ck#325 10 Ck#327 10 Ck#326 27 Ck#329 27 EFT to ATT 28 Ck#340...
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