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
Pepsi [2]
3 years ago
10

A company purchases a remote building site for computer operations. The building will be suitable for operations after some expe

nditures. The wiring must be replaced to computer specifications. The roof is leaky and must be replaced. All rooms must be repainted and recarpeted and there will also be some plumbing work done. Which of the following statements is true?
A. The cost of the building is the purchase price of the building, while the additional expenditures are all capitalized as Building Improvements.
B. The cost of the building will not include the repainting and recarpeting costs.
C. The cost of the building will include the cost of replacing the roof.
D. The wiring is part of the computer costs, not the building cost.
Business
1 answer:
vaieri [72.5K]3 years ago
3 0

Answer:

True Statements are:

B, C, D

Explanation:

All the capital cost incurred for an asset acquisition is added to the cost of capital asset.

The cost of capital asset here will include the following,

Replacement of wiring will not form part of cost of building, as is associated with fittings and computers, so either it will be clubbed in furniture and fittings or computers,

Replacement of roof is a part of building and shall be added to cost of building.

Painting, plumbing etc: will not form part of cost of building, as will be added to revenue expenditure and not the capital expenditure.

Thus with the above clarification of nature of expense, Statement B, C, and D are true.

You might be interested in
Lois is considering buying a new bicycle for $200. it has a 20hance of breaking down in the next year. what is the expected valu
denis23 [38]

The expected value in terms of repair cost for this purchase is $40.

Repair cost manner fees and expenses are fairly essential or acceptable due to normal wear and tear, periodic replacement, vandalism, damage, or destruction of any part of the ability property, and shall now not encompass operating fees.

First, bring together the entire listing of substances wished, and report a high and occasional price estimate for each. as soon as it really is carried out, add each column of numbers to get the whole cost for each high and coffee. Then upload the two totals, after which divide with the aid of to get the common price.

Repair cost and substitute mean all non-routine, non-repetitive activities, repairs or substitutes of systems, equipment, or device required for continuity of operations, safety, and running overall performance this is vital to prevent or correct a failure of the Pelletier Facility and which aren't protected as a component.

Learn more about repair costs here brainly.com/question/22932657

#SPJ4

4 0
2 years ago
When Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing conditio
Debora [2.8K]

Answer:

uncertainty

Explanation:

Uncertainty is the inability of a person to know the outcome of a decision or a line of action.

One does not have a certainty of how things will turn out in a given situation.

In the given instance where Dianna does not know the outcome of each alternative until she has actually chosen that alternative, she is facing a condition where she is not certain of the outcome of any alternative

7 0
3 years ago
What type of bank account is the best one to use to manage household expenses? Question 1 options: a checking account a savings
yanalaym [24]

manage household expenses means cutting a lot of checks

ans is a checking account

8 0
4 years ago
Suppose for some year the income of a small company is ​$100 comma 000100,000​; the expenses are ​$75 comma 00075,000​; the depr
boyakko [2]

Answer:

$23,950

Explanation:

Income  ​$100,000​  

Expenses ​$75,000​

Depreciation $22,000​

income tax rate = 35​%

Income  ​$100,000​  

Expenses (​$75,000​)

Depreciation ($22,000​)

EBT          $3,000

Income Tax $3,000 * (35/100) = $1,050

Net Income $1,950

ATCF  

=Earnings Before Tax + Depreciation

=$1,950 + $22,000  = $23,950

8 0
3 years ago
How can gross interest income rise while the net interest margin remains somewhat stable for a particular bank?
Alecsey [184]

Answer:

A bank acts like an intermediary between depositors and creditors. If the market interest rates increase, gross interest income will rise, but all gross interest expense. They will charge higher rates to borrowers, but also must pay higher rates to depositors. The spread probably remains unchanged because both sides increased.

4 0
3 years ago
Other questions:
  • NanoTech is ready to begin production of its exciting new technology. The company is evaluating three methods of production: (A)
    9·1 answer
  • Which of these guidelines should you follow when responding to customers online? Check all that apply. Respond in less than 24 h
    9·1 answer
  • Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
    9·1 answer
  • Finance, or financial management, requires the knowledge and precise use of the language of the field. Match the terms relating
    15·1 answer
  • Your seller clients have received an offer, and the buyer has included a pre-approval letter. Your clients are a little confused
    7·1 answer
  • XYZ Company reported the following information for the year 2020: Beginning raw materials inventory$37,000Beginning work in proc
    7·1 answer
  • Pfister Corporation reports Retained Earnings of $8,863 million. This represents: ________.
    10·1 answer
  • If i get paid bi weekly how many paychecks in a year.
    5·1 answer
  • Distinguish among the three methods of allocating the costs of support departments to operating departments.
    5·1 answer
  • ________ can be very useful in helping visualize where to make strategic changes to either move your product closer to the main
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!