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
Mama L [17]
3 years ago
7

During 20X1, Sloan, Inc., began a project to construct new corporate headquarters. Sloan purchased land with an existing buildin

g for $750,000. The land was valued at $700,000 and the building at $50,000. Sloan planned to demolish the building and construct a new office building on the site. What is the appropriate accounting treatment for interest of $147,000 on construction financing incurred after completion of construction?A. Classify as land and do not depreciateB. Classify as building and depreciateC. Expense
Business
1 answer:
bulgar [2K]3 years ago
8 0

Answer:

C. Expense

Explanation:

The interest during construction can be capitalized through the bulding and depreciate along with them.

In this case the interest occurs after the completion of construction so are considered expense of the period.

It should be considered interest expense.

You might be interested in
The fact that corporate travelers are less price sensitive than most leisure travelers because the corporation pays for the trav
Readme [11.4K]

Answer:

The correct answer is D. shared cost effect

Explanation:

The shared cost effect refers to the reduction in price sensitivity of a customer created through the perception that part of the purchase price is paid for by a third party of the firm itself.

5 0
3 years ago
Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani
emmainna [20.7K]

Answer:

Answer for the question  

Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalanick no longer serves that role, how much better off is Uber really? Where do you come down? Do you think Kalanick’s reduced profile will turn the tide for Uber? Or is Kalanick’s drive and competitiveness necessary to Uber’s continued success, regardless of the title he holds? If you were on the board, what would you recommend? And why?

Is given in the attachment.

Explanation:

3 0
3 years ago
Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she
Ipatiy [6.2K]

Karen is buying a new laptop. She is looking for a light-weight computer. The laptop she purchases is a little heavier than she had originally hoped, but she was willing to accept the extra weight for a computer with a bigger, clearer screen.

Karen made her purchase decision using a compensatory decision rule.

In psychology, compensation is a approach whereby one covers up, consciously or unconsciously, weaknesses, frustrations, goals, or feelings of inadequacy or incompetence in a single life area thru the gratification or (drive toward) excellence in some other area. compensation can cowl up both real or imagined deficiencies and personal or bodily inferiority. fantastic compensations may additionally help one to conquer one's problems. then again, bad compensations do not, which ends up in a strengthened feeling of inferiority.

Learn more about compensatory here

brainly.com/question/4395083

#SPJ4

8 0
1 year ago
Customer retention is measured as the percentage of customers who return for more service. true false
seraphim [82]
Your answer is true! The root of the word "retention" is retain, so basically customer retention means retaining customers, which also means having them return. Hope I helped!
8 0
3 years ago
Select the correct answer.
serious [3.7K]

Answer:

A.true hope this helps sorry if I'm wrong have a wonderful day

7 0
3 years ago
Read 2 more answers
Other questions:
  • According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
    9·1 answer
  • Which of the following is true about finding the present value of cash flows? Finding the present value of cash flows tells you
    14·1 answer
  • On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferre
    14·1 answer
  • Globalization is allowing countries to _________ many of their employers, particularly those in labor intensive, low paying indu
    5·2 answers
  • Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.62 per mile driven. Joyce has determined that if
    14·1 answer
  • My company is Walt Disney. I’m suppose to record down the prices 2x a week so can u guys give me an example of how to calculate
    7·1 answer
  • When goods are transferred from the WorkminusinminusProcess Inventory account to the Finished Goods Inventory​ account, ________
    5·1 answer
  • What do you mean by final account? Mention its objectives​
    15·2 answers
  • ________ is another term for a defensive strategy.
    9·1 answer
  • g Lawson Manufacturing Company has the following account balances at year end: Office supplies $ 4,000 Raw materials 27,000 Work
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!