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Homework: Chapter 6 1 of 4 (4 complete) HW Score Score: 0.96 of 5 pts P6-41A (alt3) Assume Martin's Moving & Storage Ltd. (MMS) of
Homework: Chapter 6 1 of 4 (4 complete) HW Score Score: 0.96 of 5 pts P6-41A (alt3) Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making and improvements, and constructing and furnishing its own storage warehouse: Click the icon to view the costs of items a. to i.) i (Click the icon to view the costs of items to q.) Requirements 10.600 * More Info - X $ 18,770 1,500 7,900 3,500 930 21,910 825,000 j. Renovation of the office building....................................... $38,500 k. Interest cost on construction loan for warehouse............. 9,100 I. Landscaping (trees and shrubs)..... 7,600 m. Parking lot, concrete walks, and lights on the property........ 56, 100 n. Concrete, wood, and other materials used in the construction of the warehouse......... 230,000 0. Supervisory salary of construction supervisor (85% to warehouse, 5% to land improvements, 10% to office building) 67,000 p. Office furniture.... 112.100 4. Transportation and installation of furniture....... 2,800 Assume MMS depreciates buildings over 40 years, and improvements over 20 years, and furniture over 8 years, all on a straight-line basis with zero residual value Print Done Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check Answer O Type here to search D E L Assume Martin's... Mylab and Maste. Do Homework.w.. BASK4 2019/11 14:50 ALIENWARE Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making and improvements, and constructing and furnishing its own storage warehouse Click the icon to view the costs of items a. to i.) Click the icon to view the costs of itemsj. to q.) Requirements Requirement 1. Show how to account for each of MMS's costs by listing the cost under the correct account. Determine the total cost of each asset. Start with items a, through inext, enter items through q, and lastly calculate the totals for each asset category. (Hold all decimals for interim calculations. Round your final answers to the nearest dollar. Leave any unused cel Item Office Building 63,760 Furniture a $ Land Land Improvements Warehouse 261,240 $ 10.600 $ 18,770 1.500 7.900 3,500 930 21,910 825.000 Enter any number in the edit fields and then click Check Answer. Check Answer 7 Clear All parts remaining -145 E Assume Martin's ada Mylab and Maste.. g Do Homework w.. O 2019/11/22 O Type here to search ALTEN WARE END DELETE ESC BACKSPACE on de 0 Homework: Chapter 6 1 of 4 (4 complete) HW Score Score: 0.96 of 5 pts P6-41A (alt3) Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making and improvements, and constructing and furnishing its own storage warehouse: Click the icon to view the costs of items a. to i.) i (Click the icon to view the costs of items to q.) Requirements 10.600 * More Info - X $ 18,770 1,500 7,900 3,500 930 21,910 825,000 j. Renovation of the office building....................................... $38,500 k. Interest cost on construction loan for warehouse............. 9,100 I. Landscaping (trees and shrubs)..... 7,600 m. Parking lot, concrete walks, and lights on the property........ 56, 100 n. Concrete, wood, and other materials used in the construction of the warehouse......... 230,000 0. Supervisory salary of construction supervisor (85% to warehouse, 5% to land improvements, 10% to office building) 67,000 p. Office furniture.... 112.100 4. Transportation and installation of furniture....... 2,800 Assume MMS depreciates buildings over 40 years, and improvements over 20 years, and furniture over 8 years, all on a straight-line basis with zero residual value Print Done Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check Answer O Type here to search D E L Assume Martin's... Mylab and Maste. Do Homework.w.. BASK4 2019/11 14:50 ALIENWARE Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making and improvements, and constructing and furnishing its own storage warehouse Click the icon to view the costs of items a. to i.) Click the icon to view the costs of itemsj. to q.) Requirements Requirement 1. Show how to account for each of MMS's costs by listing the cost under the correct account. Determine the total cost of each asset. Start with items a, through inext, enter items through q, and lastly calculate the totals for each asset category. (Hold all decimals for interim calculations. Round your final answers to the nearest dollar. Leave any unused cel Item Office Building 63,760 Furniture a $ Land Land Improvements Warehouse 261,240 $ 10.600 $ 18,770 1.500 7.900 3,500 930 21,910 825.000 Enter any number in the edit fields and then click Check Answer. Check Answer 7 Clear All parts remaining -145 E Assume Martin's ada Mylab and Maste.. g Do Homework w.. O 2019/11/22 O Type here to search ALTEN WARE END DELETE ESC BACKSPACE on de 0
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