User Account

All Pages

What is the cost of the Land

Assignment Help Accounting Basics
Reference no: EM132594625

Question - On January 1, 2019, ABC Corporation purchased land as a factory site for €150,000.

An old building on the property was removed, and construction began on a new building which was completed on November 1, 2019.

Costs incurred during this period are listed below:

Removal of old building € 20,000

Architect's fees 35,000

Legal fees for title investigation and purchase contract 5,000

Construction costs 1,090,000

Salvaged materials from the old building were sold for €10,000.

Actual Interest during construction (capitalized) 15,000

Required - What is the cost of the Land?

Reference no: EM132594625

Questions Cloud

What is the weighted average of accumulated expenditure : The payment of March includes the land cost of €200,000. The office was completed on December 31. What is the weighted average of accumulated expenditure
Pros and cons-costs and benefits or opposing positions : What are the pros and cons, costs and benefits, or opposing positions concerning [your topic]?
What is the cost of the Building : Question - On January 1, 2019, ABC Corporation purchased land as a factory site for €150,000. What is the cost of the Building
Make steps involved in implementing activity based costing : How to Write steps involved in implementing Activity based costing in a typical furniture manufacturing operation as described above.
What is the cost of the Land : An old building on the property was removed, and construction began on a new building which was completed on November 1, 2019. What is the cost of the Land
Exchange rate between south african rand and israeli shekel : What was the exchange rate between the South African rand and the Israeli shekel? Do not round intermediate calculations. Round your answer to two decimal place
Explain how the insights affect your approach to practice : Reflect on your experience in doing the role-play video. Describe insights you gained from the experience and explain how these insights affect your approach.
How many kronas would a dollar buy tomorrow : How many kronas would a dollar buy tomorrow? Do not round intermediate calculations. Round your answer to two decimal places.
What is the cost of the equipment : Hawley Mall purchased equipment for £10,000. The sales tax on the purchase was £505. What is the cost of the equipment

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