User Account

All Pages

At what value should the building be capitalized

Assignment Help Accounting Basics
Reference no: EM133041463

Questions -

Q1. Spuds Co. bought a manufacturing facility for $1,200,000. The facility included land valued at $700,000, a building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the building be capitalized?

a. $184,615

b. $646,154

c. $369,231

d. None of these.

e. $400,000

Q2. On October 31, 2021, Rodger Construction Co. bought a new concrete mixer. The mixer cost $42,000. The expected life is 12 years with a salvage value of $6,000. How much depreciation expense should Rodger recognize for the year ended December 31, 2021 assuming straight-line depreciation?

a. $750

b. $583

c. $500

d. $3,000

Reference no: EM133041463

Questions Cloud

Process of recruitment and selection caters : There are a number of organizations that believe the entire process of recruitment and selection caters too much to the applicant. Some organizations take the p
What the Carla Vista direct labor efficiency variance : Assembly line workers at Carla Vista Manufacturing worked a total of 10200 direct labor hours to produce 39600 units. What Carla Vista direct labor variance
Describe potential internal control weaknesses in the sales : The Revenue Cycle of MarksPush Limited - Describe potential internal control weaknesses in the sales order processing procedures and cash receipts procedures
Example of unethical behavior : Q2. Choose an organization you feel is successful with respect to sustainable business practices and discuss its level of success according to the Triple Bottom
At what value should the building be capitalized : A building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the building be capitalized
Practices of the pharmaceutical company bayer ag : What are the main differences between HR practices of the pharmaceutical company Bayer AG in its headquarter in Germany and in China?
At what value should the building be capitalized : A building valued at $400,000, and equipment valued at $200,000. When recording the assets, at what value should the building be capitalized
Explain how HH should account for the purchase of B : Harta Harta Ltd (HH) pays $8,000,000 for an 80% holding in Bina Ltd (B). You are required to explain how HH should account for the purchase of B
Implement workplace flexibility in business : Technology has opened the door for flexibility within the workplace. Assume that I am your manager, write a memo convincing me to implement workplace flexibilit

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd