On march 1 2014 rollinger company acquired real estate on

Assignment Help Accounting Basics

Reference no: EM13571708

On March 1, 2014, Rollinger Company acquired real estate on which it planned to construct a small office building. The company paid $91,270 in cash. An old warehouse on the property was razed at a cost of $8,350; the salvaged materials were sold for $1,560. Additional expenditures before construction began included $1,380 attorney's fee for work concerning the land purchase, $5,650 real estate broker's fee, $7,770 architect's fee, and $14,900 to put in driveways and a parking lot.

Determine the amount to be reported as the cost of the land.

Reference no: EM13571708

Questions Cloud

If we could reduce our variable costs by 10 what would be : wires inc. sells telephone poles to utility and telephone companies across the united states. there are four regions

You notice that dell computers has a stock price of 2785 : you notice that dell computers has a stock price of 27.85 and eps of 1.26. its competitor hewlett-packard has eps of

What are some specific criminal justice policies supported : question what are some specific criminal justice policies supported by the current administration? can the policies be

Determine the effective annual interest rate corresponding : determine the effective annual interest rate corresponding to a nominal interest rate 0f 8 12 per year if the

On march 1 2014 rollinger company acquired real estate on : on march 1 2014 rollinger company acquired real estate on which it planned to construct a small office building. the

What is the relationship between ideology and public policy : question what is the relationship between ideology and public policy? please use at least one academic reference

A savings back offers 1000 certificates of deposit each : a savings back offers 1000 certificates of deposit. each certificate can be redeemed for 2000 after 8 12 years what is

What problems are associated with formulating crime policy : 1. what problems are associated with formulating crime policy based on crime perceptions rather than crime reality? on

Daguio corporation uses direct labor-hours in its : 1. the following costs were incurred in septembernbspnbspdirect materials40100 nbspnbspnbspnbspdirect labor29700

User Account

All Pages