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pleas help me in these 4 Multiple quastions Williams Construction Company constructed a shed for Quickens, Inc., Instead of giving cash Quickens, Inc., gaye Williams
pleas help me in these 4 Multiple quastions Williams Construction Company constructed a shed for Quickens, Inc., Instead of giving cash Quickens, Inc., gaye Williams Construction Company a used delivery truck originally costing Quickens Inc., $35,000. The book value for the delivery truck on the financial statements of Quickens, Inc, showed the delivery truck with a value of $29,000, a new delivery truck is currently selling for $38,000, and an independent appraiser assessed the delivery truck with a value of $31,000: What value should Quickens, Inc., record the shed on its financial statements? A) $39,000 B) $35,000 C) $29,000 D) $38,000 E) $31,000 22 If land was acquired many years ago, and inflation has occurred over time, the value of the land on the financial statements should be increased to reflect some of the change in the land's valuation. However, the land will still be valued at a relatively conservative amount. A) True B) False If a company acquires a new machine, the cost of rewiring the building to accommodate the machine, and the cost to reinforce the floor to support the weight of the machine, are all considered a part of the total cost of the machine. A) True B) False 4 D) The cost of equipment shall include all costs of acquisition and preparation for use. A) True B) False
pleas help me in these 4 Multiple quastions
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