Question
The Bramos Printing Company was founded in 2000 by Mr. Timken as a one-man-job printing firm inasmallsouthwesterntown.Shortly after its founding,theownerdecidedtoconcentrateononespecialty line of printing. Because of
The Bramos Printing Company was founded in 2000 by Mr. Timken as a one-man-job printing firm inasmallsouthwesterntown.Shortly after its founding,theownerdecidedtoconcentrateononespecialty line of printing. Because of a high degree of technical proficiency, the company experienced a rapid growth. However, the company suffered from a competitive disadvantage in that the major market for this specialized output was in a metropolitan area over 300 miles away from the company's plant. For this reason, the owner, in 2012, decidedtomovenearerhisprimarymarket.He also decidedtoexpandand modernize his facilities at the time of the move. After some investigation, an attractive site was found in a suburb of his primary market, and the move was made.
1) The Bramos Company paid $40,000 to have an old building on the plot of land torn down. In addition, the company paid $20,000 to have permanent drainage facilities installed on the new land.
Question:
1.)Payments for Changes Made to the New Land - Fully analyze these assets as we have done in class.Calculate the depreciation for these assets over their ENTIRE life. Do not consider section 179 or bonus depreciation.
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