Data table 18 9 for a garage (and market value is $325,000; building market value is $75,000) b. Grading (leveling) land Fence around the land $ 360,000 8,200 31,700 C. 900 5,500 1,700 500 106,860 520,000 48,360 d. Attorney fee for title search on the land e. Delinquent real estate taxes on the land to be paid by Money Store f. Company signs at entrance to the property g. Building permit for the sales building h. Architect fee for the design of the sales buildig i. Masonry, carpentry, and roofing of the sales building 1. Renovation of the garage building k. Interest cost on construction loan for sales building Landscaping (trees and shrubs) m. Parking lot and concrete walks on the property n. Lights for the parking lot and walkways o. Salary of construction supervisor (88% to sales building: 9% to land improvements, and 3% to garage building renovations) . Office furniture for the sales building Transportation and installation of furniture 9,200 6,000 52, 100 8.000 38.000 79,600 800 Money Stom, Inc. opened an office in Winona, Minnesota. Money Store nourred the following costs acquiring land, making and improvements, and constructing and furnishing the new building IM Gick the icon to view the financial data) The company depreciates buildings over 50 years, and improvements over 15 year, and turnin over 12 yeon, all on a traight line basis wih mesta use pero Read the requirements Requirement. Identify the proper account and Land rovement Sales Building, Garage Building of Futures for each of the consisted in the problem. Calculate the total cost of each as Star wins through extenfor tem through and will at the total for each category of world is not used in the leave the field my doenter Ruders to places when in proportions (XXXandle your comprenages throughout Round your final to the nearest while dolar) Land SON Garage Bulding Item Land Improvements Building Furniture e d Land improvements Sales Building Garage Building Item Land Furniture The company depreciates buildings over 50 years, and improvements over 15 years, and future over 12 years, al on the basis with values of Read the autrements Hom Land Improvements Building Building Furniture 1 m 0 P 9 Total Requirement 2. All construction was complete and these were placed in service on A 2. Record depreciation for the year ended December 31. Round to the nearest Records for the explanations from journal entries. Do not found intermediary calculations Only round the amount you input in the call to the end Start by recording the depreciation on the land improvements Journal Entry Date Accounts Debit Credit Dec 31 Requirement 2. Al construction was complete and these were placed in service on Apr 2. Roodepreciation for the year ended December 31. Mund to the west coacordos tende explanations from oumaltres Do not found Varmediary calculations Only round the mount you put in the cell to the la Start by recording the depreciation on the land improvements Journal Entry Date Accounts Dit Credit Dec 31 Next record the sea buc Journal Entry Date Account Dec 31 Credit Now record the web precio Journal Entry inngan, making movements, and conting and ungewing Click the icon to view the facial data) The company deprecies buildings over 50 years, and improvements over 15 years, and are over 12 years, all on a straha is within Read the reduirements Now record the garage building depreciation experte Journal Entry Dale Account De 31 Debit Credit Finish by recording the future depreciation exper Joumal Entry Date Account 30 Debit Credit Requirement. Why would a manager need to understand the concepts covered in this problem? Because tocate the This problem shows how to deline the root of a to demonstrate the computation of for a variety of those at which affects Tese assets, manager needs to understand how those asset costs and computions are deemed Managers and to understand the meaning.com, and com performance is muted by this amount
