Reference no: EM132817606
On April 1, 20x1, ESCULENT EDIBLE Co. purchased land and building by paying ?40,000,000 and assuming a mortgage of ?8,000,000. The land and building have appraised values of ?20,000,000 and ?40,000,000, respectively. The building will be used by ESCULENT Co. as its new office.
Additional costs relating to the purchase include the following:
Legal cost of conveying and registering title to land ?32,000
Payment to tenants to vacate premises 36,000
Option paid on the land and building 24,000
Option paid on similar land and building not acquired 12,000
Broker's fee on the land and building 60,000
Unpaid real estate taxes prior to April 1, 20x1 assumed by ESCULENT Co. - assessed on land 120,000
Real estate taxes after April 1, 20x1 80,000
Repairs and renovation costs before the building is occupied 160,000
Repair costs after the building is occupied 200,000
Problem 1: How much is the cost of the land?
a. 16,192,000
b. 17,292,000
c. 15,492,000
d. 14,592,000
Problem 2: How much is the cost of the building?
a. 23,420,000
b. 32,640,000
c. 32,240,000
d. 24,440,000
How much is charged as loss on initial recognition
: The land and old building have fair values of ?20,000,000 and ?40,000,000, respectively. How much is charged as loss on initial recognition?
|
What is the value of the project
: The project's WACC is 10.0%. What is the value (in thousands) of the project after considering the investment timing option
|
Exhibit the fundamental principle of total quality
: How does an entity exhibit the fundamental principle of total quality--customer and stakeholder focus?
|
Define scalability and discuss how the cloud impacts it
: Define scalability and discuss how the cloud impacts it. List three advantages and three disadvantages of cloud computing. Define virtualization and discuss.
|
How much is the cost of the building for esculent edible co
: How much is the cost of the building? ESCULENT EDIBLE Co. purchased land and building by paying ?40,000,000 and assuming a mortgage of ?8,000,000.
|
How much would be paid to a
: Go back to the original data and arrange cash distribution plan. If the firm had $300,000 to distribute, how much would be paid to "A"
|
Describe your new model and support your position
: After reading the related articles, explain whether you believe the 7-layer model is a complete and perfect representation of the way in which networks must.
|
Difference between data analytics and data science
: Research on the difference between Data Analytics and Data Science and describe in your words. Find 15 or more analytics / data science related job titles.
|
How much is the total of assets classified as property
: How much is the total of assets classified as property, plant and equipment? Land and building classified as held for sale 780,000
|