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Lalia rents 110,000 square feet of store space for $358,000 per year. The amount of square footage by department is shown below: Department A 45,000 square feet Department B 30,000 square feet Department C 18,000 square feet Department D 17,000 square feet   Help allocate the annual rent expense among the four departments on the basis of relative square feet of floor space occupied.

Lalia rents 110,000 square feet of store space for $358,000 per year. The amount of square footage by department is shown below: Department A 45,000 square feet Department B 30,000 square feet Department C 18,000 square feet Department D 17,000 square feet   Help allocate the annual rent expense among the four departments on the basis of relative square feet of floor space occupied.

FINANCIAL ACCOUNTING
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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Lalia rents 110,000 square feet of store space for $358,000 per year. The amount of square footage by department is shown below:

Department A

45,000 square feet

Department B

30,000 square feet

Department C

18,000 square feet

Department D

17,000 square feet

 

Help allocate the annual rent expense among the four departments on the basis of relative square feet of floor space occupied.

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