a. depreciated over the period from acquisition to the date the hotel is scheduled to be torn down.
b. written off as a loss in the year the hotel is torn down.
c. capitalized as part of the cost of the land.
d. capitalized as part of the cost of the new hotel.
capitalized as part of the cost of the land.
Answer: Option C.
<u>Explanation:</u>
Since the land of the hotel is going to be the same on which the new hotel is going to be built, the cost of the hotel would be capitalized as the cost of the land of the new hotel that is to be built on the same land on which the hotel middleburg was built.
It was written in the books as the capitalized cost of the land because the land of both the hotels are going to be the same.
Answer:
Mary can cancel the transaction at any time before midnight of the third business day thereafter.
Explanation:
If she is having second thoughts about the deal , then Mary can cancel the transaction at any time before midnight of the third business day thereafter this is due to the fact that Mary may exercise the right to rescind or cancel the transaction until midnight on the third day after the transaction. She can cancel the deal at no cost to herself within 3 days of closing.
True it is a non market transaction
D: because it can't be C, B, A or because they have their own definition
