1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sp2606 [1]
3 years ago
12

Vijay Inc. purchased a 3-acre tract of land for a building site for $420,000. On the land was a building with an appraised value

of $120,000. The company demolished the old building at a cost of $12,000, but was able to sell scrap from the building for $1,500. The cost of title insurance was $900 and attorney fees for reviewing the contract was $500. Property taxes paid were $3,000, of which $500 covered the period subsequent to the purchase date. The capitalized cost of the land is:
Business
1 answer:
PtichkaEL [24]3 years ago
5 0

Answer:

$433,900

Explanation:

The computation of the capitalized cost of the land is shown below:-

Capitalized cost of the land = Purchase price + Demolition of building + Title insurance + Attorney fee + Property taxes covered during the period - Scrap value from the building

= $420,000 + $12,000 + $900 + ($3,000 - $500) - $1,500

= $420,000 + $12,000 + $900 + $2,500 - $1,500

= $435,400 - $1,500

= $433,900

You might be interested in
What are the 3 main factors that affect the labor market
Fynjy0 [20]
<span><span>Economy- Macroeconomic conditions affect labor supply and demand. Job losses during a recession mean less disposable income for consumers and less demand for cars.</span>
<span>Globalization-Globalization involves the import of foreign automobiles and relocation of manufacturing facilities overseas. This has led to a steady decline in U.S. automobile-sector employment.</span>
<span>Compensation- Compensation includes wages and benefits. According to an April 2011 U.S. Bureau of Labor Statistics report, there has been upward pressure on wages and downward pressure on benefits.</span>
</span>
6 0
3 years ago
A treasury___is issued by the US government, and is considered very safe. The options are:
Bumek [7]
The answer is A. bond
8 0
3 years ago
Price is important to managers
jek_recluse [69]

Price is important to managers because it has a substantial effect on a company's profitability and sustainability.

<h3>Why is pricing important?</h3>

The importance of pricing is traced to the fact that defines the value or worth of a product and the number of customers that demand the product.

For the consumer of products, price is a key factor that determines purchase decisions.

Thus, price is important to managers because it has a substantial effect on a company's profitability and sustainability.

Learn more about pricing at brainly.com/question/15569228

#SPJ1

<h3>Question Completion:</h3>

Why is price important to managers?

7 0
2 years ago
The idea that an economy can get stuck in either an unemployment equilibrium or an inflation equilibrium is most closely associa
satela [25.4K]

Answer: D

Explanation:

the idea of coordination failures

8 0
3 years ago
Read 2 more answers
Blank is the ability of a product to satisfy a customer
kondor19780726 [428]
Utility is your answer. Quality could be your answer as well.
Though, by definition:
Utility - u<span>seful, profitable, or beneficial.</span>
5 0
3 years ago
Read 2 more answers
Other questions:
  • You sell $4,000 per week in bags of dog food at 30% margin. You sell $3,000 per week in dog toys at 45% margin. Which generates
    8·1 answer
  • At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a eight-year operating lease agr
    15·1 answer
  • The CEO of Dave's firm just came back from a business seminar. He called Dave into his office and stated, "I just found out abou
    9·1 answer
  • 9. Gallagher is planning on
    12·1 answer
  • In its role as money manager, the Federal Reserve has three primary goals: to maintain stable prices (control inflation), ensure
    9·1 answer
  • The Balance Sheet reports assets, liabilities, and stockholders' equity at a specific date. A : True B : False
    10·1 answer
  • A property buyer should object to any defects in the title to the property A) within one year of the transfer of title. B) befor
    11·1 answer
  • A career will be most productive, comfortable, and enjoyable when it fits well into one’s lifestyle. Which is the best definitio
    11·2 answers
  • Finley Corporation had income from continuing operations of $10,600,000 in 2014. During 2014, it disposed of its restaurant divi
    7·1 answer
  • Suppose the population of a country is 1.1 million and the labor force is 800,000. 760,000 are employed. Assume that full-employ
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!