What is total dollar amount capitalized as cost of land

Assignment Help Financial Management
Reference no: EM13933092

Jack Company purchased land at a price of $40,000. Closing costs for the transaction totaled $1,200. After the sale, Jack demolished and removed an old barn on the land at a cost of $5,000 to prepare the land for its intended use. What is the total dollar amount capitalized as the cost of the land? A. $40,000. B. $41,200. C. $45,000. D. $46,200.

Reference no: EM13933092

Questions Cloud

Discuss the philosophical origins of each approach : Explain how each approach affects the treatment strategies for your selected disorder. Evaluate the effectiveness of each approach, in relation to your selected disorder, based on treatment outcome research.
Why is criminal law important in our society : Why is criminal law important in our society? What are some issues you think present problems within the criminal law system today and why
Find the finance charge : Jon had an unpaid balance of $2,320.00 on his credit card statement at the beginning of February. He made a payment of $160.00 during the month. If the interest rate on jon credit card was 11% per month on the unpaid balance, find the finance charge ..
Social justice in early childhood education : This assessment task requires you to research and report on an issue that is related to social justice in early childhood education. You are also required to develop strategies for advocacy and activism in practice.
What is total dollar amount capitalized as cost of land : Jack Company purchased land at a price of $40,000. Closing costs for the transaction totaled $1,200. After the sale, Jack demolished and removed an old barn on the land at a cost of $5,000 to prepare the land for its intended use. What is the total d..
Calculate the flexible-budget variance : Calculate the flexible-budget variance, the spending variance and the efficiency variance for variable manufacturing overhead and calculate the spending and production-volume variance for fixed manufacturing overhead.
Three significant figures and include the appropriate units : How many grams of oxygen are in 5.89×1023 formula units of (NH4)2SO4? Express your answer to three significant figures and include the appropriate units
Calculate the gain or loss on sale : Delta Airlines purchases a plane for $4 million, no salvage value, useful life 10 years. Using straight-line depreciation, they depreciate it 5 full years. They then sell it for $3 million. Calculate the gain or loss on sale. $_______________________..
Accumulated depreciation through the date of sale totaling : Hawthorne Company sold an old computer for $3,000 cash. The computer cost $45,000 and had accumulated depreciation through the date of sale totaling $42,000. The company will recognize:

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

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