Capital assets in the governmental accounts

Assignment Help Accounting Basics
Reference no: EM13141464

Weaver city signed a contract in the amount of 6000000 for the construction of a new city hall. Expenditures were 4000000 in 2011 and 2050000 in 2012 which included a change to the original construction design in the amount of 50000. what amount should be added to net capital assets in the governmental accounts in 2012?

Reference no: EM13141464

Questions Cloud

Topic: profile a health information exchange organization. : Topic: Profile a health information exchange organization.
Probability-have less than fifteen percent snickers in bag : Assume this is true. a random sample of 12 adults 25 or older is selected from general population. what is the probability that you have less than 15%snickers in your bag?
Which color is dominant : In sheep, coat color is determined by a single, dominant gene. A white ram and a black ewe produce a black lamb. Which color is dominant? 1. white 2. black 3. impossible to determine.
Which measurements currently reported in balance sheets : Which measurements currently reported in balance sheets are not consistent with the physical capital maintenance concept? Give examples.
Capital assets in the governmental accounts : Expenditures were 4000000 in 2011 and 2050000 in 2012 which included a change to the original construction design in the amount of 50000. what amount should be added to net capital assets in the governmental accounts in 2012?
Intellectual property rights : "Intellectual Property Rights Protection regimes, such as patents and copyright, unfairly discriminate against small firms in Australia and those in less developed and emerging markets."
Calculate percentage of carriers and homozygous recessive : In a population where only the total number of individuals with the dominant phenotype is known, how can you calculate the percentage of carriers and homozygous recessives?
Find average weight be if production manager has products : What should the average weight be if the production manager wants no more than 6% of the products to weigh more than 7.4 ounces?
What is the rate of gross primary productivity for leaf : You are an ecologist interested in energetics of ecological systems. You begin your current research program with a study of primary productivity of corn plants growing in a field in Iowa during mid-summer.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Making of classified balance sheet

From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

  Accounting practice problem

On January 30, Tensing Corporation bought supplies of $2,000. The supplies were all consumed in February. Determine which of the following statements is true regarding the accounting for these supplies.

  Which is accounted for as a change in accounting principle

Which of the following is accounted for as a change in accounting principle?

  Deferred tax assets

Describe how deferred tax assets relating to accruals arise and explain how deferred tax assets relating to loss carryforwards arise

  Legal effect of the presence of a superceding

The legal effect of the presence of a superceding event is that:

  Long-term borrowings

Burich Co. reported proceeds from short-term (non-payables) notes of $2.5 million, proceeds from long-term borrowings of $6.8 million,

  Problem related to interest expense

Jane's Donut Co. borrowed $200,000 on January 1, 2009, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2011. In connection with this note, what amount should Jane's report as interest expen..

  What are the equivalent units of production

What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?

  Annualized interest rate

Samson Inc. needs €1,000,000 in 30 days. Samson can earn 5 percent annualized on a German security. The current spot rate for the euro is $1.00. Samson can borrow funds in the U.S. at an annualized interest rate of 6 percent. If Samson uses a mone..

  What is her basis in the real estate

In the current year, Sue received a liquidating distribution of real estate from UTSRQ Partnership, a general partnership. The real estate had an adjusted basis to the partnership of $35,000 and a fair market value of $90,000 on the date of the di..

  How should clyde treat payment on his 2010 tax return

This is a tax research problem - Clyde had work for many years as the chief executive of Red Industries, and had also been a major shareholder. Clyde and the company had a falling out, and Clyde was terminated.

  What is the full cost of the globe

Assume that the quantity demanded at the price calculated in part a is only 600 units. What is the full cost of the globe, and what is the price with a 25 percent markup?

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!

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