ch7 - Land Property Tax Title Insurance Level Bldg removal...

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Land 365,000 Land Property Tax 3,500 365,000 Title Insurance 3,000 3,500 Level & Bldg removal 9,000 3,000 Foundation 59,000 9,000 New Building 650,000 380,500 Fence 55,000 Sign 14,000 Lighting 8,000
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Building Land Improvements 59,000 77,000 650,000 709,000
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Asset Mkt Value Mkt % Cost Allocation machine1 38,250 23% 37,575 machine2 73,100 43% 71,810 machine3 58,650 35% 57,615 170,000 100% 167,000 167,000
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Land 487,000 S/L = (Cos Building Permit 1,400 Architect Fees 15,320 11,372 Building Cost 690,000 948 Construction Interest 28,300 2,843 Total Building Cost 735,020 Residual Value 337,000 Depcreciable Cost 398,020 Useful Life 35 Land 487,000 Cash 487,000 Building 735,020 Note Payable 690,000 Cash 45,020 Depreciation Expense 2,843 Accumulated Depreciation - Building 2,843
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st - Residual) / Useful Life Annual Depreciation Amount 3 months 3 month Depreciation Amount Balance Sheet Assets. ... ... LT Assets: Land 487,000 Building 735,020 A/D - Building (2,843) 732,177 Income Stmnt Revenue ... Depreciation Exp 2,843
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Van Cost 19,000 Residual Value 2,800 Year 1 Depreciaable Cost 16,200 Year 2 Useful Life 4 Year 3 DDB: 2xSL Rate 50% Year 4
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ch7 - Land Property Tax Title Insurance Level Bldg removal...

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