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kakasveta [241]
3 years ago
12

Fullerton Waste Management purchased land and a warehouse for $720,000. In addition to the purchase price, Fullerton made the fo

llowing expenditures relate to the acquisition: broker’s commission, $42,000; title insurance, $9,000; miscellaneous closing costs, $12,000. The warehouse was immediately demolished at a cost of $30,000 in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building.
Business
1 answer:
g100num [7]3 years ago
8 0

Answer:$813,000

Explanation:

The cost of property plants and equipment in relation to IAS 16 includes the purchase price, related tax, transportation, professional fee, first insurance cost, and all other costs incurred to put the property in a position to be put into the desired use. The cost also includes all related miscellaneous cost.

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The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on th
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4 0
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Following a phone call addressing a customer problem, what should you do? O Remove the customer from your mailing list. O Report
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Explanation: The given case, belongs to the public relations concept under which the company tries to interact better with their customers, so that the customers enjoy a healthy experience and the image of the company remains positive.

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