The Bramos Printing Company was founded in 2000 by Mr. Timken as a one-man-job printing firm in a small southwestern town. Shortly after its founding, the owner decided to concentrate on one specialty line of printing. Because of a high degree of technical proficiency, the company experienced a rapid growth. However, the company suffered from a competitive disadvantage in that the major market for this specialized output was in a metropolitan area over 300 miles away from the company’s plant. For this reason, the owner, in 2012, decided to move nearer his primary market. He also decided to expand and modernize his facilities at the time of the move. After some investigation, an attractive site was found in a suburb of his primary market, and the move was made. 4.The company purchased land for $200,000 in cash. Question: New Land – Calculate the cost that would go on the books for this purchase. Fully analyze this asset as we have done in class. Calculate the depreciation for this asset over its ENTIRE life. Do not consider section 179 or bonus depreciation.
The Bramos Printing Company was founded in 2000 by Mr. Timken as a one-man-job printing firm in a small southwestern town. Shortly after its founding, the owner decided to concentrate on one specialty line of printing. Because of a high degree of technical proficiency, the company experienced a rapid growth. However, the company suffered from a competitive disadvantage in that the major market for this specialized output was in a metropolitan area over 300 miles away from the company’s plant. For this reason, the owner, in 2012, decided to move nearer his primary market. He also decided to expand and modernize his facilities at the time of the move. After some investigation, an attractive site was found in a suburb of his primary market, and the move was made.
4.The company purchased land for $200,000 in cash.
Question:
New Land – Calculate the cost that would go on the books for this purchase. Fully analyze this asset as we have done in class. Calculate the
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