D2L Homepage - ONLINE Principle ☑ Pearson MyLab and Mastering x P Do Homework Do Homework - Chapter 9 Ho ☑ Mail - Blancas, Angel - Outloo ☑ mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=668769624&questionId=1&flushed=false&cid=7749562¢erwin=yes ■ A YouTube Maps Gmail D2L Homepage - Midd... Mail - Blancas, An... Portfolio | Robinho... 1k-50k-challen... All Bookmarks = Homework: Chapter 9 Homework Question list Question 1 O Question 2 K Airport Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: (Click the icon to view the financial data.) Requirement 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. Begin by listing each cost for items a. through i. first, followed by items j. through q. Then determine the total cost of each asset. (If a box is not used in the table, leave the box empty; do not enter a zero.) O Question 3 Item Land a. b. ○ Question 4 C. d. Question 5 e. f. g. h. i. Land Improvements Building Furniture Data table a. Purchase price of three acres of land $ 80,000 b. Delinquent real estate taxes on the land to be paid by Airport Parking 6,300 c. Additional dirt and earthmoving 8,900 d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property 3,200 9,200 600 20,200 9,600 j. Labor to construct the building i. Materials used to construct the building k. Interest cost on construction loan for the building I. Parking lots on the property m. Lights for the parking lots 219,000 166,000 9,800 29,700 11,500 80,000 n. Salary of construction supervisor (80% to building; 20% to parking lot and concrete walks) o. Furniture p. Transportation of furniture from seller to the building q. Additional fencing Print Done 11,800 1,800 6,500 Requirements Question 4, PF9-30A (similar to) Part 1 of 4 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on June 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. Print Done ✗ Airport Parking depreciates land improvements over 20 ye Read the requirements.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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D2L Homepage - ONLINE Principle ☑
Pearson MyLab and Mastering x
P Do Homework
Do Homework - Chapter 9 Ho
☑
Mail - Blancas, Angel - Outloo ☑
mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=668769624&questionId=1&flushed=false&cid=7749562&centerwin=yes
■ A
YouTube
Maps
Gmail
D2L Homepage - Midd...
Mail - Blancas, An...
Portfolio | Robinho...
1k-50k-challen...
All Bookmarks
= Homework: Chapter 9 Homework
Question list
Question 1
O Question 2
K
Airport Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building:
(Click the icon to view the financial data.)
Requirement 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset.
Begin by listing each cost for items a. through i. first, followed by items j. through q. Then determine the total cost of each asset. (If a box is not used in the table, leave the box empty; do not enter a zero.)
O Question 3
Item
Land
a.
b.
○ Question 4
C.
d.
Question 5
e.
f.
g.
h.
i.
Land
Improvements
Building
Furniture
Data table
a. Purchase price of three acres of land
$ 80,000
b. Delinquent real estate taxes on the land to be paid by Airport Parking
6,300
c. Additional dirt and earthmoving
8,900
d. Title insurance on the land acquisition
e. Fence around the boundary of the property
f. Building permit for the building
g. Architect's fee for the design of the building
h. Signs near the front of the property
3,200
9,200
600
20,200
9,600
j. Labor to construct the building
i.
Materials used to construct the building
k. Interest cost on construction loan for the building
I. Parking lots on the property
m. Lights for the parking lots
219,000
166,000
9,800
29,700
11,500
80,000
n. Salary of construction supervisor (80% to building; 20% to parking lot and
concrete walks)
o. Furniture
p. Transportation of furniture from seller to the building
q. Additional fencing
Print
Done
11,800
1,800
6,500
Requirements
Question 4, PF9-30A (similar to)
Part 1 of 4
1. Columns for Land, Land Improvements, Building, and Furniture have been set
up. Show how to account for each cost by listing the cost under the correct
account. Determine the total cost of each asset.
2. All construction was complete and the assets were placed in service on June
1. Record partial-year depreciation for the year ended December 31. Round to
the nearest dollar.
Print
Done
✗
Airport Parking depreciates land improvements over 20 ye
Read the requirements.
Transcribed Image Text:D2L Homepage - ONLINE Principle ☑ Pearson MyLab and Mastering x P Do Homework Do Homework - Chapter 9 Ho ☑ Mail - Blancas, Angel - Outloo ☑ mylab.pearson.com/Student/PlayerHomework.aspx?homeworkId=668769624&questionId=1&flushed=false&cid=7749562&centerwin=yes ■ A YouTube Maps Gmail D2L Homepage - Midd... Mail - Blancas, An... Portfolio | Robinho... 1k-50k-challen... All Bookmarks = Homework: Chapter 9 Homework Question list Question 1 O Question 2 K Airport Parking, near an airport, incurred the following costs to acquire land, make land improvements, and construct and furnish a small building: (Click the icon to view the financial data.) Requirement 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. Begin by listing each cost for items a. through i. first, followed by items j. through q. Then determine the total cost of each asset. (If a box is not used in the table, leave the box empty; do not enter a zero.) O Question 3 Item Land a. b. ○ Question 4 C. d. Question 5 e. f. g. h. i. Land Improvements Building Furniture Data table a. Purchase price of three acres of land $ 80,000 b. Delinquent real estate taxes on the land to be paid by Airport Parking 6,300 c. Additional dirt and earthmoving 8,900 d. Title insurance on the land acquisition e. Fence around the boundary of the property f. Building permit for the building g. Architect's fee for the design of the building h. Signs near the front of the property 3,200 9,200 600 20,200 9,600 j. Labor to construct the building i. Materials used to construct the building k. Interest cost on construction loan for the building I. Parking lots on the property m. Lights for the parking lots 219,000 166,000 9,800 29,700 11,500 80,000 n. Salary of construction supervisor (80% to building; 20% to parking lot and concrete walks) o. Furniture p. Transportation of furniture from seller to the building q. Additional fencing Print Done 11,800 1,800 6,500 Requirements Question 4, PF9-30A (similar to) Part 1 of 4 1. Columns for Land, Land Improvements, Building, and Furniture have been set up. Show how to account for each cost by listing the cost under the correct account. Determine the total cost of each asset. 2. All construction was complete and the assets were placed in service on June 1. Record partial-year depreciation for the year ended December 31. Round to the nearest dollar. Print Done ✗ Airport Parking depreciates land improvements over 20 ye Read the requirements.
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