Reference no: EM132755829
Question - On February 1, 2019, Nelson Corporation purchased a parcel of land as a factory site for €200,000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2019. Costs incurred during this period are listed below:
Demolition 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 resulting from demolition were sold for €10,000.)
What Nelson should record the cost of the land and new building, respectively?
a. €225,000 and €1,115,000.
b. €215,000 and €1,125,000.
c. €210,000 and €1,125,000.
d. €210,000 and €1,130,000.
|
What are the benefits for a business to use preferred stock
: What are the benefits for a business to use preferred stock over common stock. Which stock would you choose (for you and for the best interest)
|
|
Compute what is the price today for the bond
: Four years ago, you issued a 30 year to maturity bond that had a 10.63 percent annual coupon rate, Compute what is the price today for the bond
|
|
Organization regarding the use of spreadsheets
: You will interview someone in your organization regarding the use of spreadsheets.
|
|
What is the impact of the error on the income statement
: What is the impact of the error on the Income statement and the SFP for the year ended October 31, 2020. Be specific and show your calculations.
|
|
What nelson should record the cost of land and new building
: Nelson Corporation purchased a parcel of land as a factory site for €200,000. What Nelson should record the cost of the land and new building, respectively
|
|
How much is in account on may
: November ?1, 2010, and ?$2300 on July ?1, 2012. How much is in his account on May ?1, 2016, if the deposit earns 5.6?% p.a. compounded monthly??
|
|
Foreign direct investment
: What would be the role of FDI (Foreign Direct Investment) to achieve the aims of the Saudi Vision 2030?
|
|
Find the amount of x thousand dollars after eight years
: Find the amount of X thousand dollars after 8 years, using both the effective annual rate and the effective interest rate per compounding period
|
|
What amounts should be recorded as capital for roberts
: The partnership agreements also specifies that profits and losses are to be distributed evenly. What amounts should be recorded as capital for Roberts
|