Create an Account

Already have account?

Forgot Your Password ?

Mycoursehelp

Home / Questions / Park and Go​ near an​ airport incurred the following costs to acquire​ land make land​ imp...

Park and Go​ near an​ airport incurred the following costs to acquire​ land make land​ improvements and construct and furnish a small​ building Requirement Columns for​ Land, Land​ Improvement\

Park and Go​,near an​ airport, incurred the following costs to acquire​ land, make land​ improvements, and construct and furnish a small​ building:

Requirement 1. Columns for​ Land, Land​ Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset.

Begin by listing each cost for items a. through i.​ first, followed by items j. through q. Then determine the total cost of each asset. ​(If a box is not used in the​ table, leave the box​empty; do not enter a​ zero.)

All requirements please and thank you!

P9-30A (similar to) Question Helo Park and Go near an airport, incumad the tollowing casts to acquire land, make land improvei Data Table 1 $ 86,000 Purchase price of three acres of land a b. Delinquent real estate taxes on the land to be paid by Par- X Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for ea

P9-30A (similar to) Question Helo Park and Go near an airport, incumad the tollowing casts to acquire land, make land improvemants, and construct and tumish a small building: Park and S dapraciates land improvamants ovar 20 years, buildings over 50 years, and tunture ovar 12 yaars, all on a straight-ine basis wth zaro residual velue (Click the icon to view the financial data ) Read the requirements Requiramant 1. Columns for Land, Land Improvments Buikdina, and Fumiture have bean aat up Show how to accnunt for aach cast by listing the coat undar camact accaunt Deamine total cost of aach asaet Beuin by lisin sh cel or ilm through i, fil, followed by ilems i though g. Then deleemine the lolal cu of esch el (l bux is no used in the lable leave the box empty, do nol eer s ceto) Land Item Land Improvements Building Furniture . Ener any number in the edit fields and then cick Check Answer i Data Table 1 $ 86,000 Purchase price of three acres of land a b. Delinquent real estate taxes on the land to be paid by Park and Go 5,900 Additional dirt and earthmoving 8,400 C. Title insurance on the land acquisition 3,400 Fence around the boundary of the property 9,400 f. Building permit for the building 700 20,300 Architect's fee for the design of the building Signs near the front of the property 9,000 h. 214,000 i Materials used to construct the building i Labor to construct the building 165,000 k. Interest cost on construction loan for the building 9,200 Parking lots on the property 29,100 Lights for the parking lots 11,800 m. 50,000 Salary of construction supervisor (85% to building: 15% to parking lot and concrete walks) Furniture 11,400 0 p Transportation of furniture from seller to the building 2,200 q Additional fencing 6,800 Print Done - X Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. were placed in service on 2. All construction was complete and the assets October 1. Record partial-year depreciation for the year ended December 31 Round to the nearest dollar Print Done

Feb 08 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions

© 2009-2022 - myCourseHelp.com. All Rights Reserved. The certification names are the trademarks of their respective owners.