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please help with these parts. Thank you in advance The proper way to account for the cost of adding a new wing to a building
please help with these parts. Thank you in advance The proper way to account for the cost of adding a new wing to a building would be to debit O a. the Building account. b. the Repairs Expense account. O c. the building's Accumulated Depreciation account. O d. none of the above. Hughes Co. purchased land to be used for the manufacture of a new factory, Which of the following construction costs would not be included in the land account? O a. the cost of grading (leveling) the land Ob, the cost of clearing trees from the land c. the cost of constructing a parking lot on the property Od the cost of demolishing an old shack on the property Eowards Co purchased a car wash for $600,000. The appraised value for the land was $125.000, while the building was apprased at 350.000, and that equipment appraised for $150.000. How much of the amount paid for the car wash should be charged to the building account? O a $350.000 ob 1336.000 O.. $112.500 Smith Co sold equipment that had cost 59,000 and had accumulated depreciation of 57,300. The sale price for the equipment was $2,500. The entry to record the sale will include a O a credit to Cash for $2,500 b. debit to Equipment for $9,000 Occredit to Gain on Sale of Equipment for $800 Od credit to Accumulated Depreciation, Tuiment, for $7.300 Jackson Co. sold a truck that had cost $17,500 and had accumulated depreciation of 12,000. The sale price for the truck was $5,000. The entry to record the sale will include a a. debit Gain on Sale of Truck for $500 O b. credit to Accumulated Depreciation Equipment for $12,000 O c.credit Loss on sale of Truck for 3500 @ d.credit Truck for $17.500
please help with these parts. Thank you in advance
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