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On March 1, 2022, Monty Company acquired real estate on which it planned to construct a small office building, by paying $85,000 in cash. An

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On March 1, 2022, Monty Company acquired real estate on which it planned to construct a small office building, by paying $85,000 in cash. An old warehouse on the property was demolished at a cost of $9,700; the salvaged materials were sold for $1,800. Additional expenditures before construction began included $1,000 attorney's fee for work concerning the land purchase. 54,400 real estate broker's fee, $7,500 architect's fee, and $14,800 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land. Cost of land $ 101400 Tamarisk Company purchased a truck for $65.100. The company expected the truck to last four years or 100,000 miles with an estimated residual value of $6,100 at the end of that time. During the second year, the truck was driven 29,000 miles. Compute the depreciation for the second year under each of the methods below. Units-of-activity $ Double-declining balance $ Based on the following information, compute the (1) current ratio and (2) working capital. (Round current ratio to 1 decimal place, e.g. 52.5.) Current assets $241.920 Total assets 1,134,000 Current liabilities 100,800 Total liabilities 630,000 Current ratio : 1 (2) Working capital $

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