just need help with the journal entry pls!
dve Best Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: (Click the icon fo vibw the financial data.) Best Parking depreciates and improvements over 15 years, buildings over 40 years, and furniture over 12 years, al on a straight-in basis with residual value Read the requirements Requirement 2. All construction was complete and the assets were placed in service on September 1 Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. (Record a single compound journal entry. Round all depreciation expense amounts to the nearest whole door Record debits first, then credits. Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Dec. 31 Wick Check a Best Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: Best Parking depreciates and improvements over 15 years, buildings over 40 (Click the icon fo view the financial data.) years, and furnituro over 12 years, all on a straight-ine basis with more residual value Read the requirements item Land Improvements Building Furniture 88,000 b. 6,100 a c. 8,000 st d. 3,500 nd 9,200 e. n 1. 700 9. 20,300 h 9,500 213,000 an 173.000 in es Choose from any list or enter any number in the input fields and then click Check Answer. ng Clear All Check Answer - Score: 1.89 of 3 points est Parking near an airport, incurred the following costs to acquire land, make nd improvements, and construct and furnish a small building: (Click the icon to view the financial data.) Best Parking depreciates land improvements ove years, and furniture over 12 years, all on a straig value Read the requirements: 9,500 *** h. i. 213,000 173,000 k. 9,100 1. 28,800 m. 10,600 n. 12,500 37,500 o. 11,200 p. 2,700 9. 6,100 105 600 76 700 453 600 13 900 pose from any list or enter any number in the input fields and then click Check Answer Help Me Solve This e Text Pages Get More Help Clear All chanter 10 Data Table -> ar a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Best Parking c. Additional dirt and earthmoving d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property i. Materials used to construct the building j. Labor to construct the building k. Interest cost on construction loan for the building $ 88,000 6,100 8,000 3,500 9,200 700 20,300 9,500 213,000 173,000 9,100 eg Print Done ter 10 Data Table - X UUE TU W wowywu wr ZU,JO h. Signs near the front of the property i. Materials used to construct the building j. Labor to construct the building k. Interest cost on construction loan for the building I. Parking lots on the property m. Lights for the parking lots n. Salary of construction supervisor (75% to building; 25% to parking lot and concrete walks) o. Furniture 9,500 213,000 173,000 9.100 28,800 10,600 50,000 p. Transportation of furniture from seller to the building q. Additional fencing 11,200 2,700 6.100 Print Done
