The cost of land would not include option(a) i.e, the Cost of parking lot lighting.
<h3>What is meant by
the cost of land?</h3>
The asset valuation method that is used to value land that appears on a company's balance sheet is known by the financial accounting term cost of land. The price of the land would cover all costs incurred in purchasing the property as well as those incurred in getting it ready for usage by the business.
The price of the land might be calculated by adding the purchase price, the local government's appraisal of the property, deducting the cost of any existing structures, and title insurance premiums.
All expenses incurred to prepare the improvements for use are included in the cost of land improvements. For instance, the cost of the parking lot is just the agreed-upon fee when two businesses enter into a contract to build one on the other's property.
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Answer: Burkhardt Corp.'s current share price is $69.47.
The current share price of a stock can be viewed as the present value of its expected dividends.
In this case, the stock price will be the sum of the discounted value of the dividends over each of the next eight years.
Mathematically we can express this as:
Substituting the values we get,
Solving the above equation we get,
Answer:
c. might increase or decrease
Explanation:
Equilibrium price is the price at which quantity demanded equals quantity supplied in a competitive market.
Producer surplus is the excess of revenue realized from the sales of the equilibrium quantity at a price higher than the equilibrium price.
The producer surplus may increase or decrease. It may increase if the quantity demanded, do not decrease. It may decrease if the quantity demanded, decreases.
<span>A group of French tourists were touring the Smithsonian museums in Washington, DC. Which workers in the Smithsonian would the French tourists most likely need?
A) an interpreter and a tour guide
B) a chef and a travel agent
C) a hotel manager and a ticket taker
D) an event planner and an airport worker
The best answer is:
</span>A) an interpreter and a tour guide
A tour guide<span> (U.S.) or a </span>tourist guide<span> (European) is a person who provides assistance, information on cultural, historical and contemporary heritage to people on organized </span>tours and individual clients at educational establishments, religious and historical sites, museums, and at venues of other significant interest. While an interpreter is <span>a person who provides an oral translation between speakers who speak different languages.</span>
If ABC purchased $500 of merchandise on account. ABC's journal entry to record this transaction includes a:
Debit to Inventory of $500
Credit to Accounts Payable of $500.
Based on the information given if the company purchased merchandise of the amount of $500 on account, the appropriate journal entry to record this transaction is:
ABC journal entry
Debit to Inventory of $500
Credit to Accounts Payable of $500
(To record merchandise on account)
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