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On January 1, 2014, Blair Corporation purchased for $500,000 a tract of land (site number 101) with a building. Blair paid a real estate broker's commission of $36,000, legal fees of $6,000, and title guarantee insurance of $18,000. The closing statement indicated that the land value was $500,000 and the building value was $100,000. Shortly after acquisition, the building was razed at a cost of $54,000.
Compute the cost that should be assigned to land
Determine the cost and accumulated depreciation of the equipment sold during 19X4 and determine the selling price of the equipment sold.
question i. on 1st november 2012 barry bean a service manager received 60000 offees for a plant and equipment
Lamar performed legal services for E. Garr. Due to a cash shortage, an agreement was reached whereby E. Garr. would pay S. Lamar a legal fee of approximately $8,000 by issuing 2,000 shares of its common stock (par $1).
Sources of income/revenues in 2009, what are the FOUR categories of operating expenses reported (include cost of goods sold and what were the reported causes of changes in Total Stockholder's Equity in 2009
compute the overhead variances.consider the following data for the rivera companyfactory overheadfixed variableactual
the subsequent questions are based on the given data- direct materials standard 5 pounds per unit at 2 per pound-
If no active market exists for the machine and the company does not plan to dispose of it, what should Robertson record as an impairment loss on July 1, 2012?
Which form of business organization would you recommend to Dr. Langholz and Dr. Clark? Include taxation impact and advantages of this form.
Payment that Wrenn will require from Contech? Assume a marginal tax rate of 40%. Under the terms of the lease, payments will be made at the beginning of each of the 4 years.
Will market efficiency evolve on its own without government intervention? Why or why not and what role do ethics play in market efficiency?
calculation of total manufacturing cost per gallon of teflon.in the text you used accounting data on dupont kevlar
Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular heading and place an legal fees paid to attorneys in defense of the company in a patent infringement suit, $25,000 plus $160 per hour
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