9. Acc Company incurred the following expenditures for 2022: Purchase of Land Land survey Fees for search of title of lang Building permit fee Temporary quarters for construction crews Payments to tenants of old building for Vacating premises Cost to demolish old building Excavation of basement Special assessment for street project Dividends Damages awarded for injuries sustained in Construction (no insurance carried) Cost of construction Cost of paving parking lot adjoining Building Cost of shrubs, trees, and other Landscaping 7,800,000 What is the cost of the land? What is the cost of the land improvement? What is the cost of the building? 104,000 12,000 70,000 215,000 92,000 940,000 200,000 40,000 100,000 168,000 58,000,000 800,000 660,000 A portion of the building site has been temporarily used by the company to operate a car park while the building was being constructed. A total of 325,000 was earned from this activity.

9. Acc Company incurred the following expenditures for 2022: Purchase of Land Land survey Fees for search of title of lang Building permit fee Temporary quarters for construction crews Payments to tenants of old building for Vacating premises Cost to demolish old building Excavation of basement Special assessment for street project Dividends Damages awarded for injuries sustained in Construction (no insurance carried) Cost of construction Cost of paving parking lot adjoining Building Cost of shrubs, trees, and other Landscaping 7,800,000 What is the cost of the land? What is the cost of the land improvement? What is the cost of the building? 104,000 12,000 70,000 215,000 92,000 940,000 200,000 40,000 100,000 168,000 58,000,000 800,000 660,000 A portion of the building site has been temporarily used by the company to operate a car park while the building was being constructed. A total of 325,000 was earned from this activity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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