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Can you create the balance sheet based on the information above please ? I cannot make it balanced. Thank you so much!! $50,000,000 $20,000,000 $1,000,000
Can you create the balance sheet based on the information above please ? I cannot make it balanced. Thank you so much!!
$50,000,000 $20,000,000 $1,000,000 $30,000,000 5% 12/31/18 30% 39 Purchase Price of the building Total investment from 10 partners Working Capital for the Property Borrowing Interest Rate Deal Closes Accountant attributes 30% of the investment value and the remanining to the building Year of depreciation Taxes Total sales monthly Property taxes Insurance Expense Utilities expense Repairs and maintenance expense Repaired the roof (uselife = 7 years ) Repaved parking lot ( useful life = 7 years $ 21% 6,000,000.000 2% $300,000 $450,000 $225,000 300,000 500,000 $ $ $50,000,000 $20,000,000 $1,000,000 $30,000,000 5% 12/31/18 30% 39 Purchase Price of the building Total investment from 10 partners Working Capital for the Property Borrowing Interest Rate Deal Closes Accountant attributes 30% of the investment value and the remanining to the building Year of depreciation Taxes Total sales monthly Property taxes Insurance Expense Utilities expense Repairs and maintenance expense Repaired the roof (uselife = 7 years ) Repaved parking lot ( useful life = 7 years $ 21% 6,000,000.000 2% $300,000 $450,000 $225,000 300,000 500,000 $ $Step by Step Solution
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