Inland) Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making land 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 items to g.) 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 i, next, enter items through , 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 cells blank.) Office Land Improvements Item Land Warehouse Building Furniture b. Enter any number in the edit fields and then click Check Answer Check Answer O parts 8 remaining 1041A dl15) und Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making land improveme and furnishing its own storage warehouse: (Click the icon to view the costs 0 More Info Requirements - X hat build Land Fen Requirement 1. Show how to account Start with items a through is next, ente Round your final answers to the ne Jost of each asse his for interim ca Bu Land Item Land Improvem a. Purchase price of 4 acres of land, including an old building that will be used for an office (land fair value is $295,000 building fair value is $72,000) $325,000 b. Landscaping (additional dirt and earth moving). 10,600 c. Fence around the land. 18.770 d. Lawyer fee for title search on the land 1,500 e. Delinquent real estate taxes on the land to be paid by MMS. 7.900 f. Company signs at front of the company property 3,500 g. Building permit for the warehouse 930 h. Architect fee for the design of the warehouse 21910 Masonry Carpentry, roofing, and other labour to construct the Warehouse 825,000 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 8 remaining Check Answer P6-41A (alt3) sume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following c quin More Info ms squir equit cour 9,100 tart sset eares j. Renovation of the office building $38,500 k. Interest cost on construction loan for warehouse. 1. 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) 67000 p. Office furniture 112.100 9. Transportation and installation of furniture.. 2,800 Assume MMS depreciates buildings over 40 years, land improvements over 20 years, and furniture over 8 years, all on a straight-line basis with zero residual value Item Print Done Enteral 7 petaining parts clear All Check Answer remaining ... 37. Assume Martin's Moving & Storage Ltd. (MMS) of Regina, Saskatchewan, incurred the following costs in acquiring land, making land improvements, and constructing and furnishing its own storage warehouse. A (Click the icon to view the costs of items a. to i.) Click the icon to view the costs of items j. to g.) Requirements 930 21,910 825,000 -- -ECO Enter any number in the edit fields and then click Check Answer 7 parts remaining Clear All Check Answer 3:27 PM 3/20/2020 HP 2011
