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Question 1: Yani Company purchased land for $115,000 with the intentions of constructing a new operating facility. The land purchase included a dilapidated building that was removed at a cost of $16,000. The only salvage value from this old building was some materials which were sold for proceeds of $4,000. Yani had paid surveying costs of $1,800 and legal fees related to land transfer of $6,700. The new building was quickly constructed at a total cost of $422,000. Permits on the construction of this new facility totalled $18,000. Insurance premiums of $9,200 are paid annually. The production manager is currently on-site facilitating the production startup. This manager is an annual salary of $85,000. What capital cost is assigned to the land?
The data in the table are from a study conducted by an insurance company to determine the effect of changing the process by which insurance claims are approved.
Determine if the machinery and the mine are impaired and prepare the journal entries, if any, to record the impairment at June 30, 2020.
Can you explain the six stages of process development and how they can apply to your daily life?
What is your R squared (variance explained)? Is it sufficient to proceed? Because your company wants to lead in base pay by 3%, adjust the predicted pay rates.
DEF Ltd has no opening inventory. Operating expenses paid in cash are $35,000 and it owes wages of $15,000 at year end. What is net profit for the year?
Supplying citations to support any information that you provide. Describe operating system hardening. Describe system restoration methods and procedures
How much revenue would Sydney Ltd recognise for the month of June 2020? Received a deposit in June from a customer for $100,000 for work
For this Capstone assignment, you will identify 5 legal and diversity factors that impact an organization. Then, you will create and present 5 strategies HR.
Analyze three ways the HIMS failures impacted the organizations' operations and patient information protection, privacy, or personal safety.
Calculate the value of goodwill that would be recorded by Snoopy if it offered $ 2,060,300 for the net assets of Woodstock Corporation.
Need to show work this would help me out a lot. Ernie Inc. has current assets of $12,500, net fixed assets of $12,500, current liabilities of $6,000, and long term debt of $19,000. What is the value of shareholder's equity for the firm? During 2014, ..
Determine Which assumed inventory cost flow method. divides cost of goods available for sale by total units available for sale to determine a unit cost?
Find What controls should be in place to maintain accurate records for recording source documents into the subsidiary ledgers?
Windsor, Inc. acquires a delivery truck at a cost of $56,000. The truck is expected to have a salvage value of $6,000 at the end of its 5-year useful life.
During 2010, Diaz Corporation had net income of $41,000. Included on its income statement were depreciation expense of $2,300 and amortization expense of $300. During the year, Accounts Receivable increased by $3,400, Inventories decreased by $1,900,..
Explain the classification and treatment of each cost incurred, as per the below categories, during the reporting period ended 28 February 2020.
Prepare a schedule of cost of goods manufactured for the company for the month
“I’ll never understand this accounting stuff,” Blake Dunn yelled, waving the income statement he had just receive in the morning mail. “Last month, we sold 1,000 stuffed state university mascots and earned $6,850 in operating income. Blake plans to s..
Does Zynga charge its customers to play the company's games? How does Zynga earn revenue? In your own words, explain how Zynga records revenue from the sale of virtual goods?
What is the accumulated depreciation of the old sifter? What are the after-tax proceeds from the sale of the old sifter? What is the tax on the sale of the old?
The probability that a randomly picked daily sale of this product is 105 or above, what is the z-value that you should look up on the normal distribution table?
How are the advertising costs accounted for? Where would deferred advertising costs be reported in the financial statements? Using the element definition from the conceptual frame work, should these deferred advertising costs be recorded as assets in..
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