Basket Purchase of Copler, Computer, and Scanner for $50,200 with Fair Market Values 1. Copler, $21175....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Basket Purchase of Copler, Computer, and Scanner for $50,200 with Fair Market Values 1. Copler, $21175. 2 Computer, $9,075. 3. Scanner, $30,250. Land for New Warehouse with an Old Bulding Torm Down 1. Purchase price, $79.400. 2 Demolition of building. $5.390. 3. Lumber sold from old bulding. $1,150. 4. Grading in preparation for new bullding. $7,600 Construction of New Bulding 1. Construction of new bulding, $249.000 Required In case of office equipment, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitallzed in the asset accounts. in case of land. determine the amount of cost to be capitalized in the asset accounts. In case of new bulding, determine the amount of cost to be capitalized in the asset accounts. Office Basket Purchase Building Land Equipment In case of basket purchase, determine the amount of cost to be capitalized in the asset accounts. Asset Capitalized Costs Copier Computer Scanner Total Basket Purchase of Copler, Computer, and Scanner for $50,200 with Fair Market Values 1. Copler, $21175. 2 Computer, $9,075. 3. Scanner, $30,250. Land for New Warehouse with an Old Bulding Torm Down 1. Purchase price, $79.400. 2 Demolition of building. $5.390. 3. Lumber sold from old bulding. $1,150. 4. Grading in preparation for new bullding. $7,600 Construction of New Bulding 1. Construction of new bulding, $249.000 Required In case of office equipment, determine the amount of cost to be capitalized in the asset accounts. In case of basket purchase, determine the amount of cost to be capitallzed in the asset accounts. in case of land. determine the amount of cost to be capitalized in the asset accounts. In case of new bulding, determine the amount of cost to be capitalized in the asset accounts. Office Basket Purchase Building Land Equipment In case of basket purchase, determine the amount of cost to be capitalized in the asset accounts. Asset Capitalized Costs Copier Computer Scanner Total
Expert Answer:
Answer rating: 100% (QA)
Explanation Percentage of fair value Copier211756050035 Computer90756050015 Scan... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-1305084858
12th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date:
Students also viewed these accounting questions
-
James and Susan Wagner have assets with fair market values of $5,700,000 and $1,800,000, respectively. James has been diagnosed with a terminal illness and is expected to pass away within the current...
-
James and Susan Wagner have assets with fair market values of $12,700,000 and $4,800,000, respectively. James has been diagnosed with a terminal illness and is expected to pass away within the...
-
Determine the amount of cost of goods sold February 28, 2022 Purchases 486,000- Merchandise Inventory, Beginning P98,700- Purchase Discount 35,400- Freight In Purchase Returns & Allowances 42,600-...
-
Write an HTML document to create a form that collects favorite popular songs, including the name of the song, the composer, and the performing artist or group. This document must call one PHP script...
-
Find the mean, variance, and standard deviation of the number of cars sold per day, using the probability distribution. XP(x) 0 .....0.1 1 .....0.1 2 .....0.2 3 .....0.2 4 .....0.3 5 .....0.1
-
True or false? a. Sensitivity analysis can be used to identify the variables most crucial to a project's success. b. Sensitivity analysis is used to obtain expected, optimistic, and pessimistic...
-
What are the tests that could be used in a two-independent-samples $t$ test for proportions?
-
Mr. K, a risk- neutral investor, is contemplating a one- year 8% loan of $ 500 to firm J. Mr. K demands at least a 6% expected return per annum on loans like this. K is concerned that the firm may...
-
Consider a 10 year bond with face value $1000. Pays 6% coupon semi annual and has a yeild to maruryity of 7%. How much would the approximate percentagechange in the price of bond if interest rate in...
-
You have been asked by management to explain the variances in costs under your inpatient capitates contract. The following data is provided. Requirements: 1: What dollar amount of the total variance...
-
An open tank with a square base and vertical sides is to be constructed from a metal sheet so as to hold a given quantity of water. Show that the cost of material will be least when depth of the tank...
-
What are some interesting and useful information and ideas that you can learn in theories of personalities? How will you employ what you have learned to promote your academic progress?
-
Jonathan, Stuart, and Anna created BBJ, a website design partnership on January 1, 2023. Jonathan invested $2,000 cash and a computer worth $3,000. Stuart invested $6,000 cash and Anna invested...
-
3. Given the matrix S= = [ = 11 36 -3 -10 6] a) Compute for its eigenvalues and their corresponding eigenvectors. (Select eigenvectors with the smallest possible whole number entries). [6pts] b) Let...
-
A convertible bond has a conversion rate of 2.5 shares of stock per $1000 face value bond. Today, the stock currently trades at $385 per share. Also, the convertible bond is trading at 97.5 percent...
-
The given pipe line carries water with a discharge of 0.05 m/s. Diameter of the pipe is 100 mm. Pressure at section (1) and (2) are measured as P-50 kPa and P2-30 kPa, respectively. Calculate the...
-
Olowolayemo and Mrs . Ade both follow the life - cycle hypothesis: they smooth consumption as much as possible. They each live for five periods, the last two of which are retirement. Here are their...
-
Find a polar equation for the curve represented by the given Cartesian equation. 4y 2 = x
-
Woolco, Inc., purchased all the outstanding stock of Paint, Inc., for $980,000. Woolco also paid $10,000 in direct acquisition costs. Just before the investment, the two companies had the following...
-
Freeman has been a partner in a commercial construction company for over 25 years and has finally decided to dispose of their interest in the partnership. Of the other two partners, Thierfelder and...
-
On May 1, 2016, Tole Company acquires a 80% interest in Marco Company for $400,000. The fair value of the NCI is $100,000. The following determination and distribution of excess schedule is prepared:...
-
Which of the following does not occur in the small intestine? (a) Bile from the gall bladder breaks fats into small droplets. (b) Nutrients are absorbed into the body. (c) Proteins are broken down....
-
Which blood vessels are responsible for nutrient and waste exchange with tissues?
-
Trace the path of blood through the body, beginning with blood returning from the tissues to the heart. Be sure to name each of the chambers of the heart.
Study smarter with the SolutionInn App