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Maurinko [17]
3 years ago
13

Based upon the following data, what is the cost of the land? Land purchase price $196,981 Broker's commission 18,718 Payment for

the demolition and removal of existing building 3,885 Cash received from the sale of materials salvaged from the demolished building 500.
Business
1 answer:
dexar [7]3 years ago
8 0

Answer:

$219,084

Explanation:

The cost of the land to be recorded includes the purchase price of the land as well as other cost incurred in the process of making the land available for use.

Any amount received as a result of this purchase in form of rebates and discounts will be deducted from the cost.

Hence the cost of the land

= $196,981 + $18,718 + $3,885 - $500

= $219,084

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Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is
sasho [114]

Answer:

$25,800

Explanation:

The units-of-production deprecation method depreciates an asset based on the total units produced each year.

Unit of production depreciation expense = (units produced / total expected units of production) × (cost of asset - salvage value)

(64,500 / 300,000) x ($135,000 - $15,000)

0.215 x $120,000 = $25,800

I hope my answer helps you

6 0
3 years ago
Why it is important to consider all aspects of a job before accepting the position? provide at least two reasons?
Lemur [1.5K]
Because how do you know whether or not to accept the position. How do you know if it’s the right job for you? Or, what if you have to choose between two appealing offers? Will you feel comfortable with the people you work with?
3 0
3 years ago
ExxonMobil has historically had a very low debt-to-equity ratio within the oil industry, but it recently issued $12 billion in n
Galina-37 [17]

Answer:

The WACC before bond issuance is 3.9% and the WACC after bond issuance is 3.71%

Explanation:

In order to calculate the WACC before bond issuance , we would have to calculate first the cost of equity  using capital asset pricing model .

So Using CAPM we have Rf + Beta x Market risk premium

= 0.5% + 0.85 * 4%

= 3.9% . cost of equity

Therefore WACC before bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= 3.9% . WACC before bond issuance will be equal to cost of equity in this case as there is no debt issue.

In order to calculate the WACC after bond issuance  we make the following calculation:

WACC after bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= (3.9% x 0.9) + (2% x 0.1)

= 3.51% + 0.2%

= 3.71%

4 0
2 years ago
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Anna007 [38]
Budget resolutions is the answer
3 0
3 years ago
The Wood Division of Bramble Corp. manufactures rubber moldings and sells them externally for $45. Its variable cost is $25 per
Lyrx [107]

Answer:

c. $45

Explanation:

Transfer price is the price charged for a product which is transferred to other department/ division / subsidiary of same company / group. The minimum selling price in the absence of any excess capacity is the price available in the market, because the company has demand for the product and it does not lost the sale if transfer not takes place. The product can be sold in the market. So the Transfer price should be $45.

4 0
3 years ago
Read 2 more answers
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