Answer:
$91,580
Explanation:
The cost of an asset includes all cos incurred in making the asset available for use. These includes the cost of the item net all discounts, sales tax, freight cost etc.
As long as the cost is necessary for the asset to be available for use, such cost will be capitalized with the cost of the item of asset. Other cost such as maintenance, insurance costs are expensed and not considered as a part of the cost of the asset.
Cost of Land
= $77000 +$500 + $1600 - $170 + $1150 + $11000 + $500
= $91,580
Answer:
Support services.
Explanation:
An activity required for successful execution of a product or program or process is known as Support service.
The answer for this is <span>freight-out
</span>The entry to record the payment of freight costs for goods shipped to a customer requires a debit to Freight-out and a credit to cash. Freight-out is not part of the cost of inventory; it is a delivery expense and appears among the operating expenses on the income statement.
<span>In contrast, freight-in is used to record the shipping costs associated with acquiring inventory (note: when using a perpetual inventory system, the shipping cost associated with acquiring inventory is debited to Inventory).</span>
The element of this and any other contract include CONSIDERATION.
In business law, consideration refers to the exchange of money and the receipt of the item that was bargained for. In every transaction, there is always consideration in order for the contract to be legally binding.
Answer:Document Purpose. Documents should be created for explicit purposes or goals that both the writer and the reader would readily agree on. ... Among the most common of these goals are to establish a relationship, to create trust and credibility, and to document actions. hope it helps in someway ig idk
Explanation:
