The owner of a downtown parking lot has employed a civil engineering consulting firm to advise him on the economic feasibility of constructing an office building on the site. Betty Samuels, a newly hired civil engineer, has been assigned to make the analysis. She has assembled the following data: Total Net Annual Total Investment* Alternative Revenue Sell parking lot Keep parking lot $ $ 200,000 22,000 Build 1-story building 400,000 60,000 Build 2-story building 555,000 72,000 Build 3-story building 750,000 100,000 1: 075 0 00 105 0 00
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- show work pleaseAt the end of Year 1, how much is the balance of the assets account Production-in-Progress if WW Guy uses the percentage of completion method? see the options in attached screenshot.The Flintstone Construction Company delivers dirt and stone from local quarries to its construction sites. A new truck that was purchased for a cost of $122,000 at the beginning of the year was expected to deliver 122,000 tons over its useful life. The following is a breakdown of the tons delivered during the year to each construction site: Construction Sites: Tons Delivered: Multiple Choice $12,767 $1,400 A 1,400 How much truck depreciation should be allocated to Site A? (Do not round intermediate calculations. Round your answer to the nearest dollar.) $1,220 B 2,900 None of the answers are correct. с 3,400 D 900
- For each of the following expenditures, indicate the type of account (asset or expense) in which the expenditure should be recorded. a530.000 annual cost of routine repair and maintenance expenditures for a fleet of delivery vehides b. $12.000,000 cost to develop a coal mine, from which an estimated 1 million tons of coal can be edracted e$248,000 cost to replace the roof on a building d. $140,000 cost of a radio and television advertising campaign to introduce a new product line. e58.000 cost of grading and leveling land so that a building can be constructed.A city has purchased a new asphalt paving machine for $300,000.The city comptroller states that the machine will be depreciatedusing a stright line method. At the end of 8 years, the machinewill be sold with an expected salvage value of 60,000.a. Determine the function V = f(t) which expresses the bookvalue of the machine V as a function of its age t.b. What is the book value expected to be when the machine is 6years old?Please help me
- Marjorie Company commenced operations at the beginning of the current year. The following costs are incurred by the entity: Payment for land Taxes in arrears on building on land Demolition of current building on land, net of salvage of P10,000 1,000,000 40,000 100,000 Survey before construction of new building Contract price for factory building 60,000 5,000,000 Architect fee 230,000 Payment to city hall for approval of building construction 120,000 Safety fence around construction site Safety inspection on building 35,000 30,000 20,000 Removal of safety fence after completion of factory building New fence surrounding the factory Driveways, parking bays and safety lighting Cost of trees, shrubs and other landscaping 80,000 550,000 250,000 The land and factory building should respectively be measured atThe Flintstone Construction Company delivers dirt and stone from local quarries to its construction sites. A new truck that was purchased for a cost of $119,000 at the beginning of the year was expected to deliver 202,000 tons over its useful life. The following is a breakdown of the tons delivered during the year to each construction site: Construction Sites: Multiple Choice C $17,144 Tons Delivered: How much truck depreciation should be allocated to Site A? Note: Do not round Intermediate calculations. Round your answer to the nearest dollar. $1,296 $1,190 A 2,200 None of the answers are correct. B 3,700 C 4, 200 D 1,700Martini Company incurred the following costs in purchasing a land as a factory site:Purchase price 2,400,000Cost of tearing down old building 240,000Legal fee for title investigation 15,000Title insurance 10,000 Architect fee 125,000Liability insurance during construction 25,000Excavation cost 40,000Payment to building contractor 8,800,000Special assessment by city for public improvement 30,000Interest cost during construction 300,000 What is the cost of the building?
- The following annual costs are associated with three new extruder machines being considered for use in a Styrofoam cup plant: Data X-TRUD SUPR-X Useful Life, Years 11 |13 17 First Cost $2,790,000 $3,000,000 $2,980,000 Salvage Value $100,000 $81,000 $93,000 Annual Benefit $265,000 $692,000 $699,000 M&O $62,000 $60,000 $56,000 M&O Gradient $15,500 $10,500 $14,000 The company's interest rate (MARR) is 6%. Which extruder should the Styrofoam company choose? Use Annual Cash Flow Analysis and provide the right reason. Choosing SUPR-X is best because it has the highest Annual Benefit Choosing SUPR-X will maximize the EUAB-EAUC; its value is $41,738 higher than X and $15,242 higher than X-TRUD. Choosing SUPR-X is best because it has the lowest M&O cost in yr1 Choosing SUPR-X will maximize the EUAB-EAUC; its value is $481,738 higher than X and $26,242 higher than X-TRUD.Mix ‘Em Up engages in research to develop cures for famous diseases. Costs incurred during development of one such project are as shown below: Researchers’ wages $10,000 Materials used in research 5,000 Machinery used in research 700 Registration of product discovered 1,950 Attorney’s fees for registration 3,000 Record the journal entry for these items. Assume we credit Cash. 8-9a. Disposal of asset. Sellem, Inc. is disposing of office furniture it has had for 2 ½ years. The cost of the furniture was $10,000, and Sellem estimated the salvage to be $2,000. A four-year life was expected. Journalize the sale of the machine for $7,500.On January 6, Year 1, Mount Jackson Corporation purchased a tract of land for a factory site for $845,000. An existing building on the site was demolished and the new factory was completed on October 11, Year 1. Additional cost data are shown below: Construction cost of new building $ 1,032,000 Real estate and attorney fees Architect fees Cost to demolish old building Salvage recovery from old building What is the capitalized cost of the new building? O $1,205,900 O $1,120,000 O $1,105,000 O $1,184,900 21,000 88,000 79,900 (15,000)