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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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<h3>What do you mean by mail message?</h3>

An email message refers to the text that may be formal or informal is received or sent over a network.

The mail messages that appear on the home screen are shown as pop-ups. Frequent pop-ups may disturb the user with frequent pop-ups. The user can read the messages by clicking on those pop-ups and also mark them as unread if he wants to check some messages later on.

Therefore, the above statement is false.

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8 0
2 years ago
A system stabilized by negative feedback, with opposing processes offsetting each other, is said to be in ________. Group of ans
svlad2 [7]

Answer:Dynamic Equilibrium

Explanation: A dynamic Equilibrium is a type of Equilibrium that is composed of factors that are constantly evolving or changing but still maintains its stable and static situation.

A dynamic Equilibrium requires those ever changing factors for it to maintain its level of stability.

In a Dynamic Equilibrium,processes or Factors oppose each other but this opposition usually cancels out,as the impact of one of the factors or process is cleared by the impact of the other.

5 0
3 years ago
On January 1, 2018, an investor paid $303,000 for bonds with a face amount of $330,000. The stated rate of interest is 11% while
miskamm [114]

Answer:

$39,791.7

Explanation:

Calculation of how much interest income is recognized by the investor in 2017

Using this formula

Interest income=Bonds amount+(Bonds amount *Current market rate of interest)-(Face amount*Contract rate of interest)*Current market rate of interest

Let plug in the formula

Interest amount=$303,000+($303,000*13%)-($330,000*11%)*13%

Interest amount=$303,000+($39,390)-($36,300)*13%

Interest amount=($342,390-$36,300)*13%

Interest amount =$306,090*13%

Interest amount =$39,791.7

Therefore the amount of interest income recognized by the investor in 2017 will be $39,791.7

7 0
3 years ago
Consider the CAPM. The risk-free rate is 5%, and the expected return on the market is 15%. What is the beta on a stock with an e
Maslowich

Answer:

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Explanation:

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3 years ago
Economic production has fallen to less than full potential due to inadequate incentives for firms to produce. The duration of th
Brilliant_brown [7]

Answer:

short-term

Explanation:

Based on the information provided within the question it can be said that the duration of this economic condition will likely be short-term. Meaning that it will only last a small amount of time, mostly because this is a problem that needs to / and can be solved in order to increase the economic production to full potential and increase firm revenue.

6 0
3 years ago
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