* Your answer is incorrect. These expenditures were incurred by Wildhorse Ltd. in purchasing land: cash price $412,800; legal fees $8,770; removal of old building $26,710; cost of clearing and grading $6,640; installation of fence $2,990. What is the cost of the land? Cost of the land $ eTextbook and Media Save for Later Attempts: 1 of 2 used 457910 SUPPORT [

These expenditures were incurred by Wildhorse Ltd. in purchasing land: cash price $412,800; legal fees $8,770; removal of old building $26,710; cost of clearing and grading $6,640; installation of fence $2,990. What is the cost of the land? b Attempts: 1 of 2 used Sunland uses the units-of-production method to calculate depreciation on its taxicabs. Each cab is expected to be driven 296,100km over its life. Taxi 10 was purchased on March 1, 2020 , for $30,120 and is expected to have a residual value of $510. Taxi 10 was driven 96,170km in 2020 and 121,070 km in 2021. Sunland has a December 31 year end. Calculate the depreciation expense on Taxi 10 for 2020 and 2021. Gildan Activewear Inc. reported the following selected financial information (all in U.S. \$ millions): sales of $2,909 in 2018,$2,751 in 2017 , and $2,585 in 2016. The company also reported net income of $351 in 2018 , $362 in 2017 , and $347 in 2016. Assets at the end of 2018 were $3,005; at the end of 2017,$2,981; and at the end of 2016,$2,990. Calculate Gildan's (1) asset turnover, (2) profit margin, and (3) return on assets for 2018 and 2017. (Round answers to 1 decimal place, e.g. 5.2.) reported net income of $351 in 2018 , \$362 in 2017 , and $347 in 2016 . Assets at the end of 2018 were $3,005; at the end of 2017,$2,981; and at the end of 2016,$2,990. Calculate Gildan's (1) asset turnover, (2) profit margin, and (3) return on assets for 2018 and 2017. (Round answers to 1 decimal place, e.g. 5.2.)