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Data Table Purchase price of land, including an old building that will be used a for a garage (land market value is $315,000; building market

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Data Table Purchase price of land, including an old building that will be used a for a garage (land market value is $315,000; building market value is $85,000) $ 360,000 Grading (leveling) land 8,400 Fence around the land 31,700 C. d. Attorney fee for title search on the land 900 Delinquent real estate taxes on the land to be paid by Paint in Color 5,000 e. f. Company signs at entrance to the property 1,500 Building permit for the sales building 700 g. Architect fee for the design of the sales building h. 101,400 Masonry, carpentry, and roofing of the sales building i. 519,000 Renovation of the garage building j. 38,660 Interest cost on construction loan for sales building k. 9,800 Landscaping (trees and shrubs) 6,800 52,100 Parking lot and concrete walks on the property m. 7,600 Lights for the parking lot and walkways n. Salary of construction supervisor (85% to sales building; 11% O. to land improvements; and 4% to garage building renovations) 46,000 Office furniture for the sales building 79,600 p. Transportation and installation of furniture 800 q. Assume Paint in Color, Inc., opened an office in Hamilton, Ohio. Paint in Color incurred the following costs in acquiring land, making land improvements, and constructing and furnishing the new sales build ing: EB (Click the icon to view the financial data.) Assume Paint in Color depreciates buildings over 50 years, land improvements over 15 years, and furniture over 12 years, all an a straight-line basis with zero residual value. Read the requirements. Requirement Show how account for each of Paint in Color's costs by listing the cost under the correct account. Determine the total cost of each asset. Start with items a through i, next, enter items j through q, and lastly calculate the totals for each asset category. (If a box is not used in the table leave the box empty; do not select a label or enter a zero. Round percentages to two places when calculating proportions (XXX%) , and use your computed percentages throughout. Round your final answers to the nearest whole dollar.) Land Sales Garage Building Item Land Improvements Building Furniture a d. f

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