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Keith_Richards [23]
3 years ago
13

On March 1, 2017, Carla Vista Co. acquired real estate, on which it planned to construct a small office building, by paying $84,

500 in cash. An old warehouse on the property was demolished at a cost of $9,100; the salvaged materials were sold for $1,880. Additional expenditures before construction began included $1,380 attorney’s fee for work concerning the land purchase, $4,950 real estate broker’s fee, $8,880 architect’s fee, and $14,900 to put in driveways and a parking lot. Determine the amount to be reported as the cost of the land.
Business
1 answer:
marissa [1.9K]3 years ago
5 0

Answer:

Land 112,980

Explanation:

The driveway and parking lot are not part of the land. That is a decision of the company and will be applied on a diferent account, Parking lot

All the other cost are required to acquire the land and leave the land ready to use.

The salvage for the demolition decrease the cost for the land.

Purchase              84,500

demolition               9,100

salvaged materials (1,880)

atorney's fee           1,380

broker's fee            4,980

architect's fee       14,900

Total                     112,980

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a newspaper, prints Clark’s picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The
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COMPLETE PROBLEM

Lana, a ten-year-old child, is run over by a car negligently driven by Mitchell. Lana, at the time of the accident, was acting reasonably and without negligence. Clark, a newspaper reporter, photographs Lana while she is lying in the street in great pain. Two years later, Perry, the publisher of a newspaper, prints Clark's picture of Lana in his newspaper as a lead to an article concerning the negligence of children. The caption under the picture reads: "They ask to be killed." Lana, who has recovered from the accident, brings suit against Clark and Perry. What result? Explain.

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Judgement for Lana against Perry but not against Clark. The facts make out a case against Perry for the tort of invasion of privacy in particular placing another in a false light (INVASION OF PRIVACY:FALSE LIGHT). Section 652E of the restatement imposes liability for publicity which places another in a false light. It is unlikely that Perry could utilize the first amendment as a defense because Lana was neither a public official nor a public figure. Even if that defense were available, it is forfeited if Perry acted with "malice", which appears to be the case here because Perry acted in reckless disregard of the truth. Clark did not commit the tort of intrusion because he photographed an event that occurred in public.

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Answer:

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Explanation:

<em>The net present value (NPV) of a project is the present value of cash inflow  less the present value of cash outflow of the project.</em>

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

                                                  0                  1                   2                 3          

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PV  inflow= (136000)× (1.1)^(-1) + (136,000× (1.1)^(-2) + (112,000)× (1.1)^(-3)

       =  395,311.80

NPV =395,311.80 -335,000

       =$ 60,311.80

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Answer:

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