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anastassius [24]
3 years ago
7

Waterway Industries purchased land as a factory site for $1330000. Waterway paid $112000 to tear down two buildings on the land.

Salvage was sold for $8000. Legal fees of $5140 were paid for title investigation and making the purchase. Architect's fees were $46900. Title insurance cost $3900, and liability insurance during construction cost $4200. Excavation cost $15760. The contractor was paid $4200000. An assessment made by the city for pavement was $9700. Interest costs during construction were $251000.
a. The cost of the land that should be recorded by Wilson Co. is:_________
b. The cost of the building should be recorded by Wilson Co. is:______
Business
1 answer:
nasty-shy [4]3 years ago
6 0

Answer:

A. $1,487,840

B. $4,517,860

Explanation:

a. Calculation for The cost of the land that should be recorded by Wilson Co

Cost of Land=$1,330,000+$112,000-$8,000+$5,140+$39,00+$9,700

Cost of land=$1,487,840

Therefore The cost of the land that should be recorded by Wilson Co. is:$1,487,840

b. Calculation for The cost of the building should be recorded by Wilson Co

Cost of building=$46,900 + $4,200 + $15,760 + $4,200,000 + $251,000

Cost of building=$4,517,860

Therefore The cost of the building should be recorded by Wilson Co. is: $4,517,860

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Answer:

Option d (reduction in the rate of inflation) is the appropriate option.

Explanation:

  • Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves.
  • Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.

Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.

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Answer:

Japan

Explanation:

Data provided in the question

Japan Nominal interest rate = 2.0%

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For Japan, it is

= 2% - 0.50%

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For U.S, it is

= 4.0% - 3.0%

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So as we can see that highest rate interest rate is 1.50% i.e of Japan

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