Homework Answers
| Amount | Classification | Accounting treatment | |
| Annual maintenance on machinery | 5600 | Normal repairs and maintenance | Expensed |
| Remodeling of offices | 22200 | Improvement | Capitalized and depreciated |
| Rearrangement of the shipping and receiving area | 35200 | Rearrangement | Capitalized and depreciated |
| Addition of a security system | 25200 | Addition | Capitalized and depreciated |
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Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its machinery,...
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment,...
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $5,900; remodeling of offices, $22,500; rearrangement of the shipping and receiving area resulting in an increase in productivity, $35,500; addition of a security system to the manufacturing facility, $25,500. How should Demmert account for each of these expenditures? Amount Classification Accounting treatment Expenditure Annual maintenance on equipment Remodeling of offices Rearrangement of the shipping and receiving area Addition of a security system
BE 11-23
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $5,400; remodeling of offices, $22,000; rearrangement of the shipping and receiving area resulting in an increase in productivity, $35,000; addition of a security system to the manufacturing facility, $25,000. How should Demmert account for each of these expenditures?Please show work.
E10-20 Expenditures After Acquisition McClain Company incurred the following expenditures during 2016: Apr. 9 June 29...
E10-20 Expenditures After Acquisition McClain Company incurred the following expenditures during 2016: Apr. 9 June 29 Sept. 12 Dec. 28 The air conditioning system in the old manufacturing facility was replaced for $83,000. The old air conditioning system had a cost of $74,000 and a book value of $2,000. The old air conditioning system had no scrap value. Annual maintenance of $38,000 was performed. The roof of the old manufacturing facility is replaced at a cost of $65,000. This expenditure...
McClain Company incurred the following expenditures during 2016: Apr. 9 The air conditioning system in the...
McClain Company incurred the following expenditures during 2016: Apr. 9 The air conditioning system in the old manufacturing facility was replaced for $83,000. The old air conditioning system had a cost of $74,000 and a book value of $2,000. The old air conditioning system had no scrap value. June 29 Annual maintenance of $38,000 was performed. Sept. 12 The roof of the old manufacturing facility is replaced at a cost of $65,000. This expenditure substantially extended the life of the...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: The heating system was...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: The heating system was replaced at a cost of $250,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. A new wing was added at a cost of $750,000. The new wing substantially increases the productive capacity of the plant. Annual building maintenance was performed at a cost of $14,000. All of the equipment on the assembly line...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: The heating system was...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: The heating system was replaced at a cost of $165,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. A new wing was added at a cost of $660,000. The new wing substantially increases the productive capacity of the plant. Annual building maintenance was performed at a cost of $18,000. All of the equipment on the assembly line...
Quiz Western Wholesale Foods incurs the following expenditures during the current fiscal year How should Westem...
Quiz Western Wholesale Foods incurs the following expenditures during the current fiscal year How should Westem account for each of these expenditures ent of the production insting in c i rcuty. 36.200 5 Addition of poker system to the manufacturing cay to reduce the offre damage 500
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $180,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $720,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $21,000. 4. All of the equipment...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $155,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $620,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,000. 4. All of the equipment...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $230,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $830,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $20,500. 4. All of the equipment...
Demmert Manufacturing incurred the following expenditures during the current fiscal year: annual maintenance on its equipment, $5,900; remodeling of offices, $22,500; rearrangement of the shipping and receiving area resulting in an increase in productivity, $35,500; addition of a security system to the manufacturing facility, $25,500. How should Demmert account for each of these expenditures? Amount Classification Accounting treatment Expenditure Annual maintenance on equipment Remodeling of offices Rearrangement of the shipping and receiving area Addition of a security system
Quiz Western Wholesale Foods incurs the following expenditures during the current fiscal year How should Westem account for each of these expenditures ent of the production insting in c i rcuty. 36.200 5 Addition of poker system to the manufacturing cay to reduce the offre damage 500
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $180,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $720,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $21,000. 4. All of the equipment...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $155,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $620,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $16,000. 4. All of the equipment...
Belltone Company made the following expenditures related to its 10-year-old manufacturing facility: 1. The heating system was replaced at a cost of $230,000. The cost of the old system was not known. The company accounts for improvements as reductions of accumulated depreciation. 2. A new wing was added at a cost of $830,000. The new wing substantially increases the productive capacity of the plant. 3. Annual building maintenance was performed at a cost of $20,500. 4. All of the equipment...
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