Wk 7 chapter 10

Wk 7 chapter 10 - Tara Anderson 10-22 Land Purchase of land...

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Tara Anderson 10-22 Land Land Improvements Buildings Purchase of land $270,000 Cost of paving parking lot adjoining building $55,000 Building permit land survey $4,800 cost of shrubs, trees, and other landscaping $36,000 Temporary quarters for construction crews Fees for search of title for land $500 costs of construction special assessment tax for street project $2,400 excavating basement razing old building $41,000 payment to tenants of old building for vacating premise $4,450 $323,150 $91,000 Damages awarded for injuries sustained in construction (no insurance was carried)
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$4,000 $11,200 $2,640,000 $13,000 $8,750 $2,676,950
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10-22 Tara Anderson Assigned To Appraised Value Land $250,000 Buildings $600,000 Equipment $200,000 $1,050,000 Cost Allocation Cost Assigned to Individual Assets 250,000/1,050,000x920,000 $219,048 600,000/1,050,000x920,000 $525,714 200,000/1,050,000x920,000 $175,238 $920,000
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Tara Anderson 10-28 Cash $80,000 Land $750,000 Common stock $25,000 Paid-in Capital in Excess of Par $725,000 Cash $80,000
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10-30 Name: Enter the appropriate amounts in the shaded cells in columns D, F and H. In column H, round the percentage amounts to 3 decimal places. 1)
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Wk 7 chapter 10 - Tara Anderson 10-22 Land Purchase of land...

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