Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Do Houte, incepand an office Cloud. Mis on House of wing condigningene sa bude Bicick to view the financial The company deprecies buildings over 50

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Do Houte, incepand an office Cloud. Mis on House of wing condigningene sa bude Bicick to view the financial The company deprecies buildings over 50 years and movements over 15 y 12 years ago Read the remonts Data table owen Al Puthering and that we brage and 58300 budeme s 500 Requirement in the procent and Land Sales BorgarageBolig Start with though, enter tough and catals for proportione XXI, and your comportage Rowdy Land Sale Garage em Land Improvement Building Building Fum $280.500 5 58.500 D Freunde Attached C d Com Budgeten for the date sobre raported roofing of the building S 340.000 8.800 31.500 1000 5.300 1.200 100 103.950 515.000 54500 9.100 8000 52.900 7.300 constititori bune Landard X Requirements Urte ating and Synchosen to build - provement and tsa garage batting ranormles) Orbag Tworten en of me 000 23.000 1.000 1. try the proper account and landing Song Garage Boring or Futurforeach of the the problem Call the total cost of each 2. All construction was come and the word nie 2. Record deprecation for the year ended December 1 Round the nearesto 3. Why would manager to understand the oth problem? Check ans Done Print Coffee Hooperation in St Cloud Minnesota Coffee House Incued the following concurg land, making land rovements and conting and using the new buiding the con tow the tranciata The company is buildings overy and provements over 15 years, and future over 12 years, along with real values of sero Read Data table -X wanca Requirement to the recount and land rovements Blog Buliding Sur wohl extension with lots for each Xxxw.and your como percentages throughout. Round your free to the Land Sales Garage lum Land Improvements Bulling Building Furniture 5200.500 5 5.500 $ 340.000 ILO 31.500 1,000 3.300 200 Purchase price of land, Wild Building that will be used forage and value is 1330.000, building more wale 570.000 b. Orading evenaland Fance around the land Artyles for search on the land Date and to be paid by Cure One Wance to the property Bugtong Acheter det ing Monarpentyndroog of the wing bvideo Woon.org Lars mwen way ty to working olant tevens, and we gon) Octure for the butto 103,60 310.000 300 160 000 2.00 7300 X Requirements 44000 1000 1000 and Land rover Bulding Curge of the Govedin Chocolate 2. Al concom news were con 2. Ron for the year ander of the Print Why women and the conced Done beck answer Held Coffee House, Inc., opened an office in St. Cloud, Minnesota Coffee House incurred the following costs in acquiring land, Click the icon to view the financial data) The company depreciates buildings over 50 years, land improvements over 15 years, and furniture over 12 years, all on as Read the requirements Dat a Requirement 1. Identify the proper account (Land, Land Improvements, Sales Building, Garage Building, or FH Start with items a through i, next, enter items through 4, and lastly calculate the totals for each asset category proportions (XXX%), and use your computed percentages throughout. Round your final answers to the neares Land Sales b. Item Land Improvements Building Garage Building $ 59,500 Furniture c. a. $ 280,500 d b. e C f d. 9 e. h. f. i. 9 h k. 1. m. Requirements - X n. 0 0. 1. Identify the proper account (Land, Land Improvements, Sales Building, Garage Building, or Furniture) for each of the costs listed in the problem. Calculate the total cost of each asset. 2. All construction was complete and the assets were placed in service on April 2. Record depreciation for the year ended December 31. Round to the nearest dollar 3. Why would a manager need to understand the concepts covered in this problem? 9 Help er 12 years, all on a straight-line basis with residual values of zero. - X Data table ing, or F4 whi category he neares $ 340,000 8,600 31,500 1,000 5,300 1,200 100 a. Purchase price of land, including an old building that will be used for a garage (land market value is $330,000; building market value is $70,000) b. Grading (leveling) land C. Fence around the land d. Attorney fee for title search on the land e. Delinquent real estate taxes on the land to be paid by Coffee House f. Company signs at entrance to the property 9. Building permit for the sales building h. Architect fee for the design of the sales building 1 Masonry, carpentry, and roofing of the sales building i Renovation of the garage building k. Interest cost on construction loan for sales building 1. 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 (86% to sales building; 8% to land improvements; and 6% to garage building renovations) P. Office furniture for the sales building 9. Transportation and installation of furniture 103,960 519,000 54,860 9.100 6,000 52,900 7.300 44,000 79,000 1,000 Print Done heck

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Data Analytics For Auditing Using ACL

Authors: Alvin A. Arens

4th Edition

0912503629, 978-0912503622

Students also viewed these Accounting questions

Question

Discuss the various types of policies ?

Answered: 1 week ago

Question

Briefly explain the various types of leadership ?

Answered: 1 week ago

Question

Explain the need for and importance of co-ordination?

Answered: 1 week ago

Question

Explain the contribution of Peter F. Drucker to Management .

Answered: 1 week ago