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Question - February 1, 2016, Alpha Company purchased land for the future factory location at a cost of $50,000. The dilapidated building that was on the property was demolished so that construction could begin on the new factory building. The new factory was completed on November 1, 2016. Costs incurred during this period were:
Item
Amount
Demolition dilapidated building
$3,500
Architect Fees
$11,250
Legal Fees - for title search
$3,000
Interest During Active Construction Period
$16,750
Construction Costs
$515,000
Using this information, how much should be recorded as the cost of (Enter only whole dollar values.)
1. Land
2. New Building
Sparks Co. sold merchandise to Boyt Co. on account, $8,500, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $5,100.
For 2012, Campbell Soup Company had pension expense of $73 million and contributed $71 million to the pension fund. Prepare Campbell Soup Company's.
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jerry and sally divorced in agreement on july 1 2012. jerry agreed to transfer to sally his interest in a rental home
ACT 503 Corporate Accounting Assignment. Provide consolidated accounts of FinalHeadache Ltd and Solutions Ltd as at 30 June 2019 with the Goodwill computation
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