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Which of the following assets is not subject to depreciation and does not decline in usefulness over time? Multiple Choice Patents Copyrights O Land Coal
Which of the following assets is not subject to depreciation and does not decline in usefulness over time? Multiple Choice Patents Copyrights O Land Coal mine Harvard Company purchased equipment having an invoice price of $13,900. The terms of sale were 4/10, 1/30, and Harvard paid within the discount period. In addition, Harvard paid a $125 delivery charge. $195 installation charge, and $935 sales tax. The amount recorded as the cost of this equipment is: Multiple Choice $14,220 $15,155 $13,664 $14,599 Land and a warehouse were acquired for $880,000. What amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $450,000 for the land and $700,000 for the warehouse? (Round intermediate percentage calculations to 1 decimal place.) Multiple Choice $450,000 for land: $880,000 for warehouse $344080 for land, $35.920 for warehouse $450,000 for land, $700,000 for warehouse $100,000 for land 5700.000 for warehouse
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