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pe here to search Blue Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for title search $546 Architect's fees. 3,329 Cash paid for land and dilapidated building thereon 91,350 Removal of old building $21,000 Less: Salvage 5,775 15,225 Interest on short-term loans during construction 7,770 Excavation before construction for basement 19,950 Machinery purchased (subject to 2% cash discount, which was not taken) 57,750 Freight on machinery purchased 1,407 Storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 2,289 New building constructed (building construction took 6 months from date of purchase of land and old building) 509,250 Assessment by city for drainage project Hauling charges for delivery of machinery from storage to new building Installation of machinery Trees, shrubs, and other landscaping after completion of building (permanent in nature) 1,680 651 2,100 HET 5,670 74°F Clear. A pe here to search Blue Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for title search $546 Architect's fees. 3,329 Cash paid for land and dilapidated building thereon 91,350 Removal of old building $21,000 Less: Salvage 5,775 15,225 Interest on short-term loans during construction 7,770 Excavation before construction for basement 19,950 Machinery purchased (subject to 2% cash discount, which was not taken) 57,750 Freight on machinery purchased 1,407 Storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 2,289 New building constructed (building construction took 6 months from date of purchase of land and old building) 509,250 Assessment by city for drainage project Hauling charges for delivery of machinery from storage to new building Installation of machinery Trees, shrubs, and other landscaping after completion of building (permanent in nature) 1,680 651 2,100 HET 5,670 74°F Clear. A
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date:
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