Homework Answers
| Land | Land improvement | Building | |
| Purchase cost (cash +Note payable) | 65000+250000=315000 | ||
| Property taxes | 5000 | ||
| Title Insurance | 4000 | ||
| cost to level land and remove unwanted building | 9000 | ||
| cost of construction | 400000 | ||
| cost of fencing | 54000 | ||
| cost of sign near entrance | 12000 | ||
| special lighting | 8000 | ||
| Total | 333000 | 74000 | 400000 |
Add Answer to:
E9-17 Determining the cost of assets Lawson Furniture purchased land, paying $65,000 cash and signing a...
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000...
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000 cash and signing a $250.300 note In addition, Lawson paid delinquent property tax of $5,000, title insurance 4 000, and $9,000 to level the land and remove an unwanted building company then constructed an office buildin office building at a cost of $400,000. It also paid ca fence around the property, $12,000 for a sign near the entrance, and Posting $4,000, and $9.000....
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note...
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note payable for the balance. In addition, Belvidere Systems paid delinquent property tax of $3,000, tle insurance costing $3,500, and a $12,100 charge for leveling the land and removing an unwanted building. The company constructed of $900,000. It also paid $51,000 for a fence around the property, $12,000 for the company an office building on the land at a cost the company sign near the...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing a $300.000 payable. In addition, Highland paid delinquent property tax of $1,100, title in costing $600, and $4,600 to level the land and remove an unwanted building the journal entry for purchase of the land.
HW Score: 40 % , 4 ot 3 of 6 (2 complete) Score: 0 of 2...
HW Score: 40 % , 4 ot 3 of 6 (2 complete) Score: 0 of 2 pts hE9-17 (similar to) Assigned Media Question Help Belvidere Furniture purchased land, paying $70,000 cash and signing a $320,000 note payable. In addition, Belvidere paid delinquent property tax of $4,000, title insurance costing $3,000, and $7,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $600,000. also paid $51,000 for a fence around...
1). Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition,...
1).
Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition, Alpine paid delinquent property tax of $1,700, title insurance costing $1,550, and $4,200 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs: Total cost of land
1. set up collumns for land land improvements building and furniture show how to account for...
1.
set up collumns for land land improvements building and furniture
show how to account for each cost by listing the cost under the
correct account determine the total cost of each asset
2. all construction was complete and the assets were placed in
service on october 1 record partial- year deprecation expence for
the year ended december 31 round to the nearest dollar
acquire land, make earning Objectives 1, 2 > Problems Group A P10-30A Determining asset cost and...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Bldg. 5446,100 a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Park and Fly C. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary...
Determining asset cost and recording full-year depreciation Road Runner High-Speed Online, Inc. incurred the following costs...
Determining asset cost and recording full-year depreciation Road Runner High-Speed Online, Inc. incurred the following costs in acquiring it's property and equipment: A. $250,000 - Purchase price of four acres of land, including an old building that will be used for a garage (75% to land and 25% to building). B. $8,100 - Dirt and leveling of land. C. $17,650 - Fence around the land. D. $600 - Attorney fee for title search on the land. E. $5,900 - Delinquent...
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga...
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga Emmanuel & 11/12/19 12:47 PM Homework: HW 9/11 due 9/13 Save 1 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt S9-1 (similar to) Question Help Highland Clothing purchased land, paying $118,000 cash and signing a $270,000 note payable. In addition, Highland paid delinquent property tax of $1,600, title insurance costing $900, and $6.200 to level the...
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small...
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small building he following costs to acquire land, make land a. Purchase price of three acres of land 86,000 6,300 b. Delinquent real estate taxes uent real estate taxes on the land to be paid by Safe Parking c. Additional dirt and earthmoving 8.400 3,400 d. Title insurance on the land acquisition 9.600 e. Fence around the boundary of the property 900 f. Building permit...
E10-17 Deter Lawson Furnis payable. In add Determining the cost of assets Furniture purchased land, paying $65,000 cash and signing a $250.300 note In addition, Lawson paid delinquent property tax of $5,000, title insurance 4 000, and $9,000 to level the land and remove an unwanted building company then constructed an office buildin office building at a cost of $400,000. It also paid ca fence around the property, $12,000 for a sign near the entrance, and Posting $4,000, and $9.000....
Belvidere Systems purchased land, paying $60,000 cash as a down payment and signing a $100,000 note payable for the balance. In addition, Belvidere Systems paid delinquent property tax of $3,000, tle insurance costing $3,500, and a $12,100 charge for leveling the land and removing an unwanted building. The company constructed of $900,000. It also paid $51,000 for a fence around the property, $12,000 for the company an office building on the land at a cost the company sign near the...
S9-1 Determining the cost of an asset Highland Clothing purchased land, paying $96,000 cash and signing a $300.000 payable. In addition, Highland paid delinquent property tax of $1,100, title in costing $600, and $4,600 to level the land and remove an unwanted building the journal entry for purchase of the land.
HW Score: 40 % , 4 ot 3 of 6 (2 complete) Score: 0 of 2 pts hE9-17 (similar to) Assigned Media Question Help Belvidere Furniture purchased land, paying $70,000 cash and signing a $320,000 note payable. In addition, Belvidere paid delinquent property tax of $4,000, title insurance costing $3,000, and $7,000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $600,000. also paid $51,000 for a fence around...
1).
Alpine Clothing purchased land, paying $110,000 cash and signing a $210,000 note payable. In addition, Alpine paid delinquent property tax of $1,700, title insurance costing $1,550, and $4,200 to level the land and remove an unwanted building. Record the journal entry for purchase of the land. Begin by determining the cost of the land. Purchase price of land Add related costs: Total cost of land
1.
set up collumns for land land improvements building and furniture
show how to account for each cost by listing the cost under the
correct account determine the total cost of each asset
2. all construction was complete and the assets were placed in
service on october 1 record partial- year deprecation expence for
the year ended december 31 round to the nearest dollar
acquire land, make earning Objectives 1, 2 > Problems Group A P10-30A Determining asset cost and...
> Problems Group A bjectives 1, 2 P9-30A Determining asset cost and recording partial-year depreciation Park and Fly, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Bldg. 5446,100 a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Park and Fly C. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary...
12:47 11 LTE O mathxl.com C Acct 210 DA Introduction to Financial Accounting MW 11:20-12:50 Ndayisenga Emmanuel & 11/12/19 12:47 PM Homework: HW 9/11 due 9/13 Save 1 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt S9-1 (similar to) Question Help Highland Clothing purchased land, paying $118,000 cash and signing a $270,000 note payable. In addition, Highland paid delinquent property tax of $1,600, title insurance costing $900, and $6.200 to level the...
Safe Parking, near an airport, incurred the following cos improvements, and construct and furnish a small building he following costs to acquire land, make land a. Purchase price of three acres of land 86,000 6,300 b. Delinquent real estate taxes uent real estate taxes on the land to be paid by Safe Parking c. Additional dirt and earthmoving 8.400 3,400 d. Title insurance on the land acquisition 9.600 e. Fence around the boundary of the property 900 f. Building permit...
Most questions answered within 3 hours.
-
Describe the function of a Change Control Board.
When calculating Planned Value (PV), what is the...
asked 1 minute ago -
The customer help center in your company receives calls from
customers who need help with some...
asked 12 minutes ago -
A manufacturer wished to compare the wearing qualities of two
different types of automobile tires, A...
asked 10 minutes ago -
Write a MATLAB script file that will sum all the positive
entries in V and stop...
asked 18 minutes ago -
The objective of this assignment is to demonstrate an
understanding of key course concepts and reflect...
asked 20 minutes ago -
A plant's flower colour is determined by the pathway shown
below:
white1 ----Gene A----->
white2----Gene
B---->Blue...
asked 26 minutes ago -
Sketch an acceleration-versus-time
graph for an object, starting with some initial speed, traveling on
a flat...
asked 34 minutes ago -
Bi2O3(s) + 2C (s) yields 2 Bi (s) + 3 CO (g)
What substances are in...
asked 41 minutes ago -
Describe the relationship between the free energy change for a
spontaneous process and the amount of...
asked 36 minutes ago -
Overproduction of uric acid in the body can be an indication of
cell breakdown. This may...
asked 55 minutes ago -
I very foolishly got in a fight with Big Joe during our last
basketball game. He...
asked 1 hour ago -
Block 1 (15 kg) is located on the surface of a
table. A rope pulls on...
asked 53 minutes ago