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boyakko [2]
2 years ago
11

Geo Co. purchased a building for $400,000. In addition, Geo paid $35,000 for taxes and lawyer fees. Geo also paid $60,000 to mod

ify the building, changing the layout specifically for Geo's needs. Geo should record the building at $
Business
1 answer:
ycow [4]2 years ago
4 0

Answer: $495,000 User “Parrain” is the person who solved this question

Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.

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Answer:

B

Explanation:

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2 years ago
Yes. Companies should be protected by tariffs.. why?
Reptile [31]

Answer: See explanation

Explanation:

A tariff is a tax that the government imposes on either the imports or the exports of products or sevices.

Apart from the fact that tariff is a way of generating revenue by the government, tariffs help protect the domestic industry. This is because tariffs increases the price of imported goods.

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Crawford Fishing had a net income of $35,640 in 2017. They decided to pay $3,000 in dividends and keep the rest to help expand t
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2 years ago
Assume Ford Motors expects a new hybrid-engine project to produce incremental cash flows of $50 million each year, and expects t
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Answer:

A) $560 million

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Hope that helps.

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