User Account

All Pages

What capital cost is assigned to the new building

Assignment Help Accounting Basics
Reference no: EM132703243

Question - Yani Company purchased land for $115,000 with the intentions of constructing a new operating facility. The land purchase included a dilapidated building that was removed at a cost of $16,000. The only salvage value from this old building was some materials which were sold for proceeds of $4,000. Yani had paid surveying costs of $1,800 and legal fees related to land transfer of $6,700. The new building was quickly constructed at a total cost of $422,000. Permits on the construction of this new facility totalled $18,000. Insurance premiums of $9,200 are paid annually. The production manager is currently on-site facilitating the production startup. This manager is an annual salary of $85,000. What capital cost is assigned to the new building?

Reference no: EM132703243

Questions Cloud

What kind of action would each take : Suppose the Fed wanted to reduce aggregate demand, What kind of action would each take? What effects would their combined actions have on GDP?
On the Spot Courier Services : List at least five tables corresponding to the domain model classes above. Include the following information for each of the tables:
Compute the amount of cash to be reported on concord co : Clint Concord Co., Compute the amount of cash and cash equivalents to be reported on Concord Co.'s balance sheet at December 31, 2020.
How much cash was received for services provided : Unearned Revenues was P6,000 at the end of February and P7,500 at the end of March. How much cash was received for services provided during March
What capital cost is assigned to the new building : Permits on the construction of this new facility totalled $18,000. What capital cost is assigned to the new building
What the amount of gross margin from the four transactions : What the amount of gross margin from the four transactions is?The company returned $2,000 of merchandise to the supplier before payment was made.
Does your company use cloud computing : Does your company use cloud computing? If not, why not. How did your company justify the cost of these services?
Discuss the requirements for recognising deferred tax assets : Discuss the requirements for recognising deferred tax assets generally and advise on how to account for this case
Determine what the adjusted cash balance should be : Determine what the adjusted cash balance should be? Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd