Payment of delinquent property taxes assumedFacetious Company incurred the following expendituresPayment of land mortgage and relatedPurchase price of land and an old apartment buildingrelated to the construction of a new home office:3. What is the cost of land improvement?Cost of razing the apartment buildingLegal fees, including fee for title searchInterest cost on specific borrowing during constructionPayment of medical bills of employees accidentally2,000,0001,800,00010,000Fair value of landinterest due at time of saleGrading and drainage on land siteArchitect fee on new buildingPayment to building contractor50,00020,00030,00015,000200,0008,000,000300,000injured while inspecting building constructionCost of paving driveway and parking lotCost of trees, shrubs and other landscapingCost of installing lights in parking lotPremium for insurance on building during constructionCost of open house party to celebrate opening of building10,00040,00055,0005,00025,00060,0001. What is the cost of land?a. 2,120,000b. 1,920,000c. 1,895,000d. 1,845,0002. What is the cost of new building?a. 8,555,000b. 8,525,000C. 8,540,000d. 8,530,000a. 300,000b.115,000c. 100,000d.0.

A sum of money spent on something is referred to as an expenditure. The word is more than just a…

Facetious 3. What is the cost of land improvement? Legal fees, including fee for title search Cost of razing the apartment building Payment of delinquent property taxes assumed Payment of medical bills of employees accidentally Interest cost on specific borrowing during construction Purchase price of land and an old apartment building related to the construction of a new home office: Grading and drainage on land site incurred the following expenditures Payment of land mortgage and related Fair value of land 2,000,000 1,800,000 10,000 interest due at time of sale 50,000 20,000 30,000 15,000 200,000 8,000,000 300,000 Architect fee on new building Payment to building contractor injured while inspecting building construction Cost of paving driveway and parking lot Cost of trees, shrubs and other landscaping Cost of installing lights in parking lot Premium for insurance on building during construction Cost of open house party to celebrate opening of building 10,000 40,000 55,000 5,000 25,000 60,000 1. What is the cost of land? a. 2,120,000 b. 1,920,000 c. 1,895,000 d. 1,845,000 2. What is the cost of new building? a. 8,555,000 b. 8,525,000 c. 8,540,000 d. 8,530,000 a. 300,000 b. 115,000 c. 100,000 d. 0.

Facetious 3. What is the cost of land improvement? Legal fees, including fee for title search Cost of razing the apartment building Payment of delinquent property taxes assumed Payment of medical bills of employees accidentally Interest cost on specific borrowing during construction Purchase price of land and an old apartment building related to the construction of a new home office: Grading and drainage on land site incurred the following expenditures Payment of land mortgage and related Fair value of land 2,000,000 1,800,000 10,000 interest due at time of sale 50,000 20,000 30,000 15,000 200,000 8,000,000 300,000 Architect fee on new building Payment to building contractor injured while inspecting building construction Cost of paving driveway and parking lot Cost of trees, shrubs and other landscaping Cost of installing lights in parking lot Premium for insurance on building during construction Cost of open house party to celebrate opening of building 10,000 40,000 55,000 5,000 25,000 60,000 1. What is the cost of land? a. 2,120,000 b. 1,920,000 c. 1,895,000 d. 1,845,000 2. What is the cost of new building? a. 8,555,000 b. 8,525,000 c. 8,540,000 d. 8,530,000 a. 300,000 b. 115,000 c. 100,000 d. 0.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 19E

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