I want to correct answer general accounting A business leases a building with a total of 80,000 square feet split equallybetween two floors. The company charges rent for the first floor at threetimes the rate of the second floor. The total monthly rent is $40,000. Howmuch monthly rental expense should be allocated to a department thatoccupies 15,000 square feet on the first floor? (Do not round intermediatecalculations.)A. $12,000B. $7,500C. $15,000D. $9,000E. $11,250

Step 1: Definition of Rental AllocationRental allocation refers to distributing rental expenses…

Answered: A business leases a building with a…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter11: Work Sheet And Adjusting Entries

Section: Chapter Questions

Problem 8DQ

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