Question: Daria Dzik purchased a car wash for 240 000 If purchased
Daria Dzik purchased a car wash for $240,000. If purchased separately, the land would have cost $60,000, the building $135,000, and the equipment $105,000. Determine the amount that should be recorded in the new business’s records for land, building, and equipment.
Answer to relevant QuestionsEbra Allen purchased a used tractor for $70,000. Before the tractor could be used, it required new tires, which cost $4,400, and an overhaul, which cost $5,600. Its first tank of fuel cost $300. The tractor is expected to ...Okram Company purchased land containing an estimated 5.0 million tons of ore for a cost of $8,800,000. The land without the ore is estimated to be worth $600,000. During its first year of operation, the company mined and ...Champ Manufacturing Company purchased a robot for $360,000 at the beginning of year 1. The robot has an estimated useful life of four years and an estimated residual value of $30,000. The robot, which should last 20,000 ...On March 1, 2011, Speedy Freight Company sold $200,000 of its 9.5 percent, 20-year bonds at 106. The semiannual interest payment dates are March 1 and September 1. The 1market interest rate is 8.9 percent. The firm’s ...Kinga Corporation issued $8,000,000 in 10.5 percent, 10-year bonds on February 1, 2011, at 104. Semiannual interest payment dates are January 31 and July 31. Use the straight-line method and ignore year-end accruals.1. With ...
Post your question