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Oriole Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment.Abstract company's fee for title
Oriole Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment.Abstract company's fee for title searchArchitect's feesCash paid for land and dilapidated building thereonRemoval of old buildingLess: SalvageInterest on shortterm loans during constructionExcavation before construction for basementMachinery purchased subject to cash discount, which was not takenFreight on machinery purchasedStorage charges on machinery, necessitated by noncompletion ofbuilding when machinery was deliveredNew building constructed building construction took months fromdate of purchase of land and old buildingAssessment by city for drainage projectHauling charges for delivery of machinery from storage to new buildingInstallation of machineryTrees, shrubs, and other landscaping after completion of buildingpermanent in nature$$Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing interest during construction exceed the cost of implementation. Indicate how any costs not debited to these accounts should be recorded. Please leave spaces blank if there is no answer. Do not enter zeros in those spaces.
Whispering Corporation purchased a truck at the beginning of for $ The truck is estimated to have a salvage value of
$ and a useful life of miles. It was driven miles in and miles in
Compute depreciation expense using the unitsofproduction method for and
Depreciation expense for $
Depreciation expense for $
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