What value reported for the building on the balance sheet

Assignment Help Managerial Accounting
Reference no: EM133142938

Question - Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Harding paid $350,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $374,000; Building, $1,100,000 and Equipment, $726,000. What value will be reported for the building on the balance sheet?

Reference no: EM133142938

Questions Cloud

Shortcomings of kolb experiential learning cycle : What are the shortcomings of kolb's experiential learning cycle? How to mitigate the shortcomings?
Determine the minimum acceptable price for the job : What is the total amount to be included in the calculation to determine the minimum acceptable price for the job
What is its net working capital : A firm has current assets of $100,000, long term assets of $150,000, long term liabilities of $75,000, What is its net working capital
Strengths and weaknesses of the employment practices : How would you describe strengths and weaknesses of the employment practices that you observe within your organization (in terms of who you hire and why)?
What value reported for the building on the balance sheet : Land, $374,000; Building, $1,100,000 and Equipment, $726,000. What value will be reported for the building on the balance sheet
Explain the pay determination : Do you believe that the wage gap discussed in the article, "America's Pay Gap is Widening" is real? Have you experienced this or the opposite in your work envir
Estimate cost functions and predict cost behaviour : For each cost, suggest a possible cost driver that could be used to estimate cost functions and predict cost behaviour
What is meant by the process of leadership : 1. Why does Fulton claim leaders must be adaptive and flexible? 2. What is meant by the process of leadership?
How does nestle link rewards and incentives : -Does it seem that Nestlé has made a commitment to operating in a socially responsible manner? Based on the five components of a socially responsible strategy d

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Recast johnsons income statement

Write a short essay on how management accounting can help the managers of an organization to run their business efficiently and prepare a report for Johnson explaining the errorshe made in his income statement

  Prepare the journals necessary to account for current tax

Prepare the journals necessary to account for current tax and deferred tax in the financial statements of Parmesan Limited. (Show all workings)

  How many years in the future assets will still operate

How the depreciation method can change the profitability of your firm? How many years in the future your assets will still operate?

  Prepare an income statement for November

Prepare an income statement for November, a statement of stockholders' equity for November, and a balance sheet as of November 30

  What is the amount of the dividend handy craft just paid

The dividends are expected to grow at a constant rate per year, forever. What is the amount of the dividend Handy Craft just paid

  Prepare flexible selling and administrative expenses budget

Prepare the Flexible Selling and Administrative Expenses Budget for 2021 with the increments of 5,000 sales units for the expected range

  Describes changes would make to ikea sustainability

Write the IKEA executive of your choice a brief executive memo that describes changes you would make to IKEA's sustainability practices.

  Compute the current price of the bonds

Compute the current price of the bonds if the present yield to maturity is 9 percent. The Lone Star Company has $1,000 par value bonds outstanding

  Following information is available for morgan & parker co.

The following information is available for Morgan Company and Parker Company, similar firms operating in the same industry.

  Different types of budgets

What are some of the different types of budgets? Explain in detail one kind of budget covered in the text. Explain what the budget is employed for and what information it provides the business.

  What the purchase price of the machine

If Stutz's discount rate is 10%, and if the net present value of this investment is $17,000 then what the purchase price of the machine

  Calculate the cost per minute of resources supplied

Calculate the cost per minute of resources supplied. Average salary per employee per year $33,000. Weeks of employment per year 50.

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