Wilson co purchased land as a factory site for 800000

Assignment Help Accounting Basics

Reference no: EM13608728

Wilson Co. purchased land as a factory site for $800,000. Wilson paid $80,000 to tear down two buildings on the land. Salvage was sold for $5,400. Legal fees of $3,480 were paid for title investigation and making the purchase. Architect's fees were $31,200. Title insurance cost $2,400, and liability insurance during construction cost $2,600. Excavation cost $10,440. The contractor was paid $2,500,000. An assessment made by the city for pavement was $6,400. Interest costs during construction were $170,000.The cost of the building that should be recorded by Wilson Co.

Reference no: EM13608728

Questions Cloud

We have discussed at length the earned value management : we have discussed at length the earned value management process. i am sure all of you have used the traditional process

The stones are thrown with the same speed of 954 ms find : two stones are thrown simultaneously one straight upward from the base of a cliff and the other straight downward from

E m and r have a partnership and share income in a 123 : e m and r have a partnership and share income in a 123 ratio. after sale of assets for cash division of loses on

The fixed component of the budgeted maintenance cost is : complete the following exercise frank weston supervisor of the freemont corporations machining department was visibly

Wilson co purchased land as a factory site for 800000 : wilson co. purchased land as a factory site for 800000. wilson paid 80000 to tear down two buildings on the land.

The acceleration of rocket a is -10 ms2 what is the : two rockets are flying in the same direction and are side by side at the instant their retrorockets fire. rocket a has

What are two examples of batch-level activities for jetblue : the questions in this exercise are based on jetblue airways corporation. to answer the questions you will need to

It is subject to an internal pressure of 20mpa and a : a pipe with closed end has an outer diameter of 80mm and a wall thickness of 3.0mm. it is subject to an internal

American medical instruments produces a variety of medical : american medical instruments produces a variety of medical products at its plant in minneapolis. the company has sales

User Account

All Pages