TransactionsAmount(E)Office premises costConveyancing cost for premises-legal cost250,00010,000300Cost materials to paint Gilbert's officeMercedes E class series cost116,000Number plates for car210Delivery charge for cars180Road licence fee for cars480Gilbert's driver's wages20,000Taxi receipts to showroom to order the car450What amount should be capitalised as Office premises and Motor vehicle?a.260,000116,390b.250,000116,870C.250,300116,390d.260,300116,870

The question is multiple choice question Required Choose the Correct Option

Transactions Amount(E) Office premises cost Conveyancing cost for premises-legal cost 250,000 10,000 300 Cost materials to paint Gilbert's office Mercedes E class series cost 116,000 Number plates for car Delivery charge for cars 210 180 Road licence fee for cars 480 Gilbert's driver's wages 20,000 Taxi receipts to showroom to order the car 450 What amount should be capitalised as Office premises and Motor vehicle? a. 260,000 116,390 b. 250,000 116,870 Cc. 250,300 116,390 d. 260,300 116,870

Transactions Amount(E) Office premises cost Conveyancing cost for premises-legal cost 250,000 10,000 300 Cost materials to paint Gilbert's office Mercedes E class series cost 116,000 Number plates for car Delivery charge for cars 210 180 Road licence fee for cars 480 Gilbert's driver's wages 20,000 Taxi receipts to showroom to order the car 450 What amount should be capitalised as Office premises and Motor vehicle? a. 260,000 116,390 b. 250,000 116,870 Cc. 250,300 116,390 d. 260,300 116,870

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Kimmel, Financoial Accounting, 8e Hein I Sestum Announcements CALCULATOR PRINTER VERSION 4BACK NEXT riel Exercise 9-2 hendan Company incurs these expenditures in purchasing a truck: cash price $27,170, accident insurance (during use) $2,310, sales taxes $1,270, motor vehicle license $460, d painting and lettering $2,170. at is the cost of the truck? cnst of the truck if you would like to Show Work for this question: Open Show Work TO TEXT INTERACTIVE TUTORIAL Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER
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Problem 1 Purchase price of raw materials P100,000 Rebates on raw material purchases Import taxes Local taxes paid in relation to the purchase 1,500 Freight-in 12% VAT on the purchase price Interest expense related to the purchase 3,200 Utilities used on factories to 0, Wages of factory personnel Salaries of accountants 000 Depreciation of factory equipment Depreciation of the head office 00 00 2,800 Normal losses during production Abnormal losses during production General and administrative expenses Storage costs of work-in-process inventories Storage costs of finished goods inventories 00 00 Shipping costs on sale of finished goods How much is the total cost of inventories?
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Marsden Company has three departments occupying the following amount of floor space: Department 1 16,000 square feet Department 2 10,100 square feet Department 3 26,000 square feet How much store rent should be allocated to Department 3 If total rent is equal to $98,000? Note: Do not round Intermediate calculations. Multiple Choice $26,000 $48,906 $18,998 None of the answers are correct.
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