1 QUE Sunland Company acquires land for $85700 cash. Additional costs are as follows: Removal of shed $ 250 Filling and grading 1600 Salvage value of lumber of shed 160 Broker commission 1100 Paving of parking lot 9700 Closing costs 570 Sunland will record the acquisition cost of the land as $87370. $89380. $89060. $95400. 2 QUE A company has the following assets: Buildings and Equipment, less accumulated depreciation of $2010000 $9520000 Copyrights 959000 Patents 4100000 Timberlands, less accumulated depletion of $2760000 4870000 The total amount reported under Property, Plant, and Equipment would be $19449000. $15349000. $14390000. $18490000.
1 QUE Sunland Company acquires land for $85700 cash. Additional costs are as follows: Removal of shed $ 250 Filling and grading 1600 Salvage value of lumber of shed 160 Broker commission 1100 Paving of parking lot 9700 Closing costs 570 Sunland will record the acquisition cost of the land as $87370. $89380. $89060. $95400. 2 QUE A company has the following assets: Buildings and Equipment, less accumulated depreciation of $2010000 $9520000 Copyrights 959000 Patents 4100000 Timberlands, less accumulated depletion of $2760000 4870000 The total amount reported under Property, Plant, and Equipment would be $19449000. $15349000. $14390000. $18490000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
1 QUE
Sunland Company acquires land for $85700 cash. Additional costs are as follows:
| Removal of shed | $ 250 |
| Filling and grading | 1600 |
| Salvage value of lumber of shed | 160 |
| Broker commission | 1100 |
| Paving of parking lot | 9700 |
| Closing costs | 570 |
Sunland will record the acquisition cost of the land as
|
|
$87370. |
|
|
$89380. |
|
|
$89060. |
|
|
$95400. |
2 QUE
A company has the following assets:
| Buildings and Equipment, less |
$9520000 |
| Copyrights | 959000 |
| Patents | 4100000 |
| Timberlands, less accumulated depletion of $2760000 | 4870000 |
The total amount reported under Property, Plant, and Equipment would be
|
|
$19449000. |
|
|
$15349000. |
|
|
$14390000. |
|
|
$18490000. |
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