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andriy [413]
3 years ago
11

Emily purchased a building to store inventory for her business. The purchase price was $760,000. Emily also paid legal fees of $

300 to acquire the building. In March, Emily incurred $2,000 to repair minor leaks in the roof (from storm damage earlier in the month) and $5,000 to make the interior suitable for her finished goods and $300 for legal fees. What is Emily's cost basis in the new building?

Business
2 answers:
adelina 88 [10]3 years ago
6 0

Answer:

$765300

Explanation:

Please see attachment .

Kisachek [45]3 years ago
4 0

Answer: Emily's cost basis in the new building is $81,600

Explanation: Hi, the resolution of  this problem is :

$76,000(purchase price) + $600 (legal fees) + $5000(improvements) =$81,600

The $2000 repair of the minor leaks in the roof is not a capitalized cost, it´s a routine maintenance expenditure.

The improvements in the building and the legal fees would be capitalized as expenses to begin using the building.

Emily's cost basis in the new building is $81,600

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Answer:

what is the importance of trade international trade?

International trade is of great importance at international level as it binds or bonds countries together and enhance trade by barter as well as helps to generate more money. International trade also helps in improving economy as it increases internal generated revenue from imported goods and services

Explanation:

4 0
2 years ago
What is the average of gross income for domestic movies (in mln)?
Brrunno [24]

The average gross income for domestic movies (in mln) is 180

A film industry-specific term used by box office reporters such as Variety and Box Office Mojo. For movies released in North America, box office revenue is usually divided into domestic, including the United States and Canada, and international, including all other countries.

Today, weekly box office revenues are usually considered Friday-Thursday, reflecting the fact that most movies are officially released on Friday in the United States. Variety was published every Wednesday for many years, so most of the weekly box office revenue they reported in the 1920s-1990s was from Thursday-Wednesday.

Most of the Weekly Loss is weekend cashiers. Historically, this has been reported as box office revenue from Friday to Sunday, and holidays close to weekends. Day numbers from Friday to Sunday are also now used.

Learn more about Domestic movies here: brainly.com/question/25731424

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5 0
1 year ago
Falcon Co. produces a single product. Its normal selling price is $26 per unit. The variable costs are $16 per unit. Fixed costs
xxTIMURxx [149]

Answer:

Effect on income= $10,290 increase

Explanation:

Giving the following information:

Falcon can handle the special order, and for this order, a variable selling cost of <u>$2 per unit would be eliminated.</u>

<u>Because it is a special order that would not affect current sales, we won't take into consideration the fixed costs.</u>

<u></u>

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= Number of units sold*unitary contribution margin

Effect on income= 1,470*(21 - 14)

Effect on income= $10,290 increase

6 0
2 years ago
On October 31, 2016, the following data was accumulated to assist the accountant in preparing the adjusting entries for Dependab
strojnjashka [21]

Journal entries record all transactions for a business. Transactions made on October 31, 2016 are recorder in the journal.

<h3>What is journal entry?</h3>

A journal entry is used to record a business transaction in the accounting records of a business.

The following journal entries are as follows-

A). Accounts Receivable  Dr.                            $9,670

            To Fees Earned    Cr.                                             $9,670

   (Accrued fees earned)

B). Supplies Expenses      Dr.                           $2270

             To supplies          Cr.                                               $2270    

  (Supplies used $3,180- $910)

C).  Wages expenses          Dr.                            $1,220

             To wages payable     Cr.                                           $1,220

   (Accrued wages)    

D).  Unearned rent              Dr.                           $3,160

             To Rent revenue   Cr.                                                 $3,160

    (Rent earned 9,480/3 months)

E). Depreciation expenses   Dr.                         $1,610

         Accumulated Depreciation - Equipment                        $1,610

    (Depreciation expenses)

Above mentioned are the journal entries to be made for Dependable Realty.

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3 0
2 years ago
Morgan company issues 9%, 20-year bonds with a par value of $750,000 that pay interest semi-annually. the current market rate is
Gemiola [76]
The amount of interest owed to the bondholders for each payment is $33,750. The amount interest to the bondholders for each payment should be calculated with this formula: Interest Yield Rate x Face Value of Bond x Time (9% x $750,000 x 1/2). The market interest rate of 8% has no effect on the interest payment calculation but it impacted the bond market value.
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