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please help with this question. only requirement 2 Homework: Homework Chapter 9 Save Score: 31,43 of 50 pts 6 of 6 (3 complete) HW Score:

please help with this question. only requirement 2
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Homework: Homework Chapter 9 Save Score: 31,43 of 50 pts 6 of 6 (3 complete) HW Score: 44.17%, 44.17 of 100 pts P9-30A (similar to) Question Help Perfect Parking near an airport, incurred the following costs to acquire land, make Perfect Parking depreciates and improvements over 20 years, buildings over 50 land improvements, and construct and furnish a small building: years, and furniture over 8 years, all on a straight-line basis with zero residual (Click the icon to view the financial data.) value Read the requirements 11,600 2,700 6,100 $ $ 103,600 80,600 Totals $ $ 458,100 14,300 Requirement 2. All construction was complete and the assets were placed in service on October 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 dollar. 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 Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer nework Chapter 9 6 of 6 (3 complete) HW Scc A Data Table $ 86,000 a. Purchase price of three acres of land b. Delinquent real estate taxes on the land to be paid by Perfect 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 1. Labor to construct the building k. Interest cost on construction loan for the building 1. 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) 6,000 8,200 3,400 9,900 400 20,300 9,600 218,000 165,000 9,400 29,700 10,300 60,000 Print Done nework Chapter 9 6 of 6 (3 complete) HW SC i Data Table 8,200 3,400 9,900 400 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 1. Materials used to construct the building 1. Labor to construct the building k. Interest cost on construction loan for the building 1. 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) 0. Furniture p. Transportation of furniture from seller to the building q. Additional fencing 20,300 9,600 218,000 165,000 9,400 29,700 10,300 60,000 11,600 2,700 6,100 Print Done eWork Chapter 9 6 of 6 (3 complete) HW d the following costs to acquire land, make urnish a small building: Perfect Parking depreciates land improven years, and furniture over 8 years, all on a s value. data.) Read the requirements. 11,600 i Requirements 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on October 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. Print Done Homework: Homework Chapter 9 Score: 31.43 of 50 pts 6 of 6 (3 complete) % P9-30A (similar to) > rking depreciates land improve furniture over 8 years, all on a equirements Perfect Pari land improv Accumulated Depreciation-Building (Click tt Accumulated Depreciation-Furniture Accumulated Depreciation-Land Accumulated Depreciation - Land Improvements Building Cash Furniture Totals Depreciation Expense Building Depreciation Expense-Furniture Requiremei Depreciation Expense-Land Round to the Depreciation Expense Land Improvements credits. Sele Land Date Land Improvements 1. Record partial-year deprex pense amounts to the nearest Debit Credit Dec. 31 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Homework: Homework Chapter 9 Score: 31.43 of 50 pts 6 of 6 (3 complete) % P9-30A (similar to) Perfect Parking, near an airport, incurred the following costs to acquire land, make Perfect Parking depreciates land improvements, and construct and furnish a small building: years, and furniture over 8 ye E: (Click the icon to view the financial data.) value. Read the requirements. 11,600 2,700 6,100 $ 103,600 80,600 $ 458,100 Totals. 14,300 Requirement 2. All construction was complete and the assets were placed in service on October 1. Record partial Round to the nearest dollar. (Record a single compound journal entry. Round all depreciation expense amounts to credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Dec. 31 To record depreciation on assets. To record loss on disposal of old assets. To record the purchase of the assets. Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All

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