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bogdanovich [222]
3 years ago
10

A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an ol

d building on the land before construction of a new building could start. Under the historical cost principle, the cost of land would be recorded at A. $102,000. B. $107,000. C. $90,000. D. $70,000.
Business
1 answer:
morpeh [17]3 years ago
5 0

Answer:

The answer is A. $102.000

Explanation:

When property, plant, and equipment is bought the historical cost must include not only the price of purchase but all the necessary expenses (commission, warranties, installation among others) to prepare the asset and leave it in place and ready to be used.

This is why is this example we need to add the commission and the expenditures of demolishing to the price of purchasing

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allsm [11]

Answer:

A) freedom of conscience

Explanation:

freedom of conscience involves the ability of one to follow his/ thought, to go with ones believe.

In the case of Kent, who is a manager at ITP Inc. that was required to sign a contract with a new supplier and refused to sign a contract because of the adverse effects such as pollution that could bring to the river here symbolize freedom of conscience by Kent because it is against his believe and thought

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3 years ago
Ground-fault circuit interrupters must be used for all of the following except?
TiliK225 [7]
The correct option is C
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3 years ago
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yKpoI14uk [10]

Answer:

B) False

Explanation:

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4 0
3 years ago
Rhombus corp. is a rapidly growing company that just experienced a very profitable quarter. the company's board of directors has
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3 0
3 years ago
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madam [21]

Answer:

b. Managers from headquarters staff key positions.

Explanation:

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