PLEASE ANSWER ALL QUESTIONS FOR 5 STAR REVIEW ANSWER ALL FOR 5 STAR REVIEW AND GOOD RATING!!!!!! THANK YOU SO MUCH!!!

 

QUESTION #1 - 

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u HVAC Inc. purchased land at a price of $29,900. Closing costs were $3,230. An old building was
removed at a cost of $11,760. What amount should be recorded as the cost of the land? The cost of
land to be recorded $

QUESTION #2 - 

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Simple Simon Department Store determines it will cost $95,000 to restore the area (considered a land improvement) surrounding one of its store parking lots, when the store is closed in 2 years. Simple Simon estimates the fair value of the obligation at December 31, 2025, is $81,000. Prepare the journal entry to record the asset retirement obligation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit 

QUESTION #3 -

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Shoreline's Drillers erects and places into service an off-shore oil platform on January 1, 2025, at a cost of $10,790,000. Shoreline estimates it will cost $1,096,000 to dismantle and remove the platform at the end of its useful life in 10 years, which the company is legally required to do. (The fair value at January 1, 2025, of the dismantle and removal costs is $430,000.) Prepare the entry to record the asset retirement obligation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.) Account Titles and Explanation Debit Credit 

QUESTION #4 - 

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Kenny the Boss Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,016,000 on March 1, $1,296,000 on June 1, and $3,027,970 on December 31. Compute Kenny the Boss's weighted-average accumulated expenditures for interest capitalization purposes. Weighted-average accumulated expenditures $ 

QUESTION #5 - LAST QUESTION THANK YOU 

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Roth Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $2,064,000 on March 1, $1,212,000 on June 1, and $3,041,210 on December 31. Roth Company borrowed $1,153,590 on March 1 on a 5-year, 13% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $2,441,700 note payable and an 11%, 4-year, $3,254,300 note payable. Compute the weighted-average interest rate used for interest capitalization purposes. (Round answer to 2 decimal places, e.g. 7.58%.) Weighted-average interest rate %