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SUBMIT CHAPTER 10 - DEPRECIATI Allocating Payments and Recelpts to Flyed Asset Accounts a. Fee pald to attorney for title search b. Cost of real
SUBMIT CHAPTER 10 - DEPRECIATI Allocating Payments and Recelpts to Flyed Asset Accounts a. Fee pald to attorney for title search b. Cost of real estate acquired as a plant site: Land Bullding (to be demollshed) c. Dellinquent real estate taxes on property, assumed by purchaser d. Cost of tearing down and removing bullding acquired in (b) e. Proceeds from sale of salvage materlals from old bullding f. Speclal assessment paid to city for extension of water main to the property g. Architect's and engineer's fees for plans and supervision h. Premium on one-year insurance pollcy during construction I. Cost of filling and grading land j. Money borrowed to pay bullding contractor k. Cost of repairing windstorm damage during construction l. Cost of paving parking lot to be used by customers m. Cost of trees and shrubbery planted n. Cost of floodlights installed on parking lot o. Cost of repairing vandallsm damage during construction p. Proceeds from Insurance company for windstorm and vandalism damage q. Payment to bullding contractor for new bullding r. Interest incurred on bullding loan during construction s. Refund of premium on insurance policy ( h ) canceled after 11 months Required: $2,700284,20027,00016,0004,5002,70010,70039,1003,80015,600666,4004,90013,5008,0009002,2005,300710,40033,400317 2. Determine the amount debited to Land, Land Improvements, and Bullding. Land Land Improvements Bullding 3. Since land used as a plant site - lose its ablilty to provide services, it - depreclated. Land Improvements - lose their ability to provide services as time passes and are, therefore
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