Business, 07.05.2020 13:00 clarissa2006

On February 1, 2016, Edwards Corporation purchased a parcel of land as a factory site for $100,000. It demolished an old building on the property and began construction on a new building that was completed on October 2, 2016. Costs incurred during this period are:

Demolition of old building $ 8,000

Architect’s fees 25,000

Legal fees for title investigation and purchase contract 4,000

Construction costs 650,000

Edwards sold salvaged materials resulting from the demolition for $2,000.

Required:

1. At what amount should Edwards record the cost of the land and the new building, respectively?

If an input box should be blank, enter a zero.

Land Building

Purchase price of land $ $

Demolition of old building

Architect's fees

Legal fees

Construction costs

Salvaged materials

Total $ $

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 03:00

Tina is applying for the position of a daycare assistant at a local childcare center. which document should tina send with a résumé to her potential employer? a. educational certificate b. work experience certificate c. cover letter d. follow-up letter

Answers: 1

Answer

Business, 22.06.2019 19:30

Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?

Answers: 3

Answer

Business, 22.06.2019 20:40

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

Answers: 1

Answer

Business, 22.06.2019 20:50

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?

Answers: 1

Answer

You know the right answer?

On February 1, 2016, Edwards Corporation purchased a parcel of land as a factory site for $100,000....

Questions