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
ruslelena [56]
3 years ago
12

Brady Furniture purchased​ land, paying $ 80 comma 000 cash and signing a $ 320 comma 000 note payable. In​ addition, Brady paid

delinquent property tax of $ 3 comma 000​, title insurance costing $ 4 comma 000​, and $ 9 comma 000 to level the land and remove an unwanted building. The company then constructed an office building at a cost of $ 750 comma 000. It also paid $ 55 comma 000 for a fence around the​ property, $ 15 comma 000 for a sign near the​ entrance, and $ 7 comma 000 for special lighting of the grounds.
Business
1 answer:
emmainna [20.7K]3 years ago
4 0

Answer:

Land                         407,000

Building                   750,000

Land improvements  77,000

The company will depreicate the buildign and the land improvements

But, not the land as it doesn't suffer from the past of time.

<u>Questions:</u>

Value of the assets

and which assets will the company depreciate.

Explanation:

The demolition of the old buildign should be considered cost of the period. As no asset is improved or acquire for that event.

<u>Land:</u>

 80,000 cash

320,000 note payable

    3,000 deliquient property tax

<u>     4,000</u> insurance costing

407,000 total land

<u>Building:</u>

cost: 750,000

<u>Land Improvements:</u>

fence                  55,000

sing at entrance 15,000

lighthing           <u>     7,000    </u>

TOTAL                  77,000

You might be interested in
Playwrights that have been quoted as serving as the initial director of their work are
Scorpion4ik [409]
Among the novelists, these are the those that served the initial director of their work: Samuel B<span>eckett, Bertolt Brecht, David Mamet, </span><span>George Bernard </span><span>Shaw</span>, Sam Shepard and the most famous novelist, William Shakespeare. After Shakespeare's time, playwrights are already considered as independent artists.
6 0
4 years ago
Who wanna tlk im boooored
Lana71 [14]

Answer:

sure why not

Explanation:

4 0
2 years ago
Read 2 more answers
Due to the credit crunch during the recent recession, many small businesses found that _____________ were more willing to lend m
ivann1987 [24]
Most of the small business found that small, community banks were more willing to lend money to small operations, it is due to the credit crunch during the recent recession. The community banks are more willing to help the small businesses to gain again their capital or investment.
8 0
3 years ago
Read 2 more answers
An absolute definition of poverty is:________a) a relatively fixed level of income above which a person cannot function in a pro
mafiozo [28]

Answer:

d) Neither A nor B

Explanation:

Poverty refers to a financial state wherein an individual is unable to meet the most basic needs for survival such as food clothing and shelter.

Absolute poverty refers to a state wherein the income of a household is below a certain threshold level which makes it hard to meet the basic necessities of life such as food, shelter, water and sanitation.

The concept of relative poverty makes a comparison i.e relatively to others. When one is relatively poorer than others. The person in such a scenario may be able to meet his ends but relative to other households income, shall be termed as poor.

8 0
3 years ago
All else constant, explain why the present value decreases as the discount rate increases.
CaHeK987 [17]

<span>A rise in the discount rate cuts the present value factor and the present value. This is for the reason that a higher interest rate means you would have to set a smaller amount aside today to earn a specified amount in the future. A decrease in the time period increases the present value factor and increases the present value. In other words, when you earn more interest, you can capitalize less money today to have the same amount at a given point in the future.</span>

6 0
3 years ago
Other questions:
  • Compared to commercial banks, finance companies usually signal solvency and safety concerns by
    7·1 answer
  • Tamarisks Hardware reported cost of goods sold as follows. 2019 2020 Beginning inventory $ 23,000 $ 33,500 Cost of goods purchas
    15·1 answer
  • What determines the price and the quantity produced of most goods? the availability of substitutes for the goods the quality of
    11·2 answers
  • Whats the importance of an organized workstation
    15·2 answers
  • The following income statements were drawn from the annual report of The Western Sales Company. Year 2 Year 1 Sales 40,000 40,00
    7·1 answer
  • ABC Company incurs a cost of 50 cents to produce a dozen eggs, while XYZ Company incurs a cost of 70 cents to produce a dozen eg
    9·1 answer
  • why do people take surveys and human verification's for?????????????????????????????????????????????????????????????????????????
    11·1 answer
  • A quantitative method used to evaluate multiple locations based on total cost of production or service operations is called:
    11·1 answer
  • Harold is a sales manager associated with TickTock Watches for the past thirty-five years; he was instrumental in the company's
    14·1 answer
  • When is the bargaining power of the buyer greater than that of the supplier?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!