Tamkang Environmental Protection and Transportation Company purchased a piece of land for the landfill for 30 million
Question:
Tamkang Environmental Protection and Transportation Company purchased a piece of land for the landfill for 30 million yuan.
cubic meters of garbage and trees will be planted after the landfill is stopped. The company estimates that the present value of future greening expenditures is 2 million yuan.
After green, the local government must be transferred to the local government for park use. Which of the following statements is correct:
A. The land cost is 30 million yuan
B. The land will incur a penalty of 2 million points when the greening is transferred
C. The land will cause a loss of 32 million yuan when the greening is transferred
D. The land should be depreciated regularly.
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen