User Account

All Pages

What cost should be recorded for the land

Assignment Help Accounting Basics
Reference no: EM132686910

Question - Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $88,000. The appraised value of the land is $28,000, and the appraised value of the building is $92,000. Assuming that the building is to be used in Dorsey Co.'s business activities, what cost should be recorded for the land?

Reference no: EM132686910

Questions Cloud

Post a description of behavioral anchored scales : Post a description of behavioral anchored scales in performance measures, and explain how they relate to job analysis. Then, explain two benefits of using.
Do believe that certain athletes such as lebron james : Do you believe that certain athletes, such as LeBron James, are really "underpaid," as the Planet Money podcast claims? What, if any, assumptions
What factors should be considered regarding sample size : What factors should be considered regarding sample size, representativeness, and apparent biases in the selection of the sample?
How many versions of your language do you speak : Discussion after video: Discuss: Consider the language you are most comfortable with. After viewing the video, how many versions of your language do you speak?
What cost should be recorded for the land : Assuming that the building is to be used in Dorsey Co.'s business activities, what cost should be recorded for the land
What effect do human values have on research : Gender identity and sexual orientation are believed to be the result of both biological and environmental components. Select either gender identity or sexual.
Interactional patterns of communication and behavior : Review the Campbell Family Case Study and identify the intergenerational issues and interactional patterns of communication and behavior.
Compute the expected cost of direct labor for Bigger : Shamokin expects to sell 10,000 units of product Bigger. Shamokin has 800 units of Bigger on hand. Compute the expected cost of direct labor for Bigger
How does globalization actually appear in people lives : How does globalization actually appear in people's lives? Think about where you grew up. Did a factory close down, changing the economic basis of the city.

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