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5,610 View Forces Current Attempt in Progress Buffalo Supply plc, a newly formed company incurred the following expenditures related to Land Buildings, and Equipment Abstract
5,610 View Forces Current Attempt in Progress Buffalo Supply plc, a newly formed company incurred the following expenditures related to Land Buildings, and Equipment Abstract company's fee for title search E530 Architect's fees 3,200 Cash paid for land and dilapidated building thereon 93,840 Removal of old building 20,400 Less: Residual value 14,790 Borrowing costs on short-term loans during construction 7,570 Excavation before construction for basement 19,380 Equipment purchased (subject to 2% cash discount, which was not taken) 66,300 Freight on equipment purchased 1,400 Storage charges on equipment necessitated by non-completion of building when equipment was delivered 2.180 New building constructed (building construction took 6 months from date of purchase of land and old building) 494,700 Assessment by city for drainage project 1.610 Hauling charges for delivery of equipment from storage to new building 610 Installation of equipment 2040 Trees, shrubs, and other landscaping after completion of building (permanent in nature) 5420 Determine the amounts that should be debited to Land Buildings, and Equipment. (Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.) Land Buildings Equipment Other
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