WebJul 30, 2024 · Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to …
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WebExercise 10-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $10,900, terms 1/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $109 discount. Transportation costs of … WebSolution : 1.) Allocation of purchase price Appraised value Percent of total appraised value × Total cost of acquisition = Appointed cost Land $1,890,000 63% × $2,700,000 = $1,701,000 Building 2 $750,000 25% × $2,700,000 = $675,000 L … View the full answer Transcribed image text:
WebDec 6, 2024 · exercise 8-2 (algo) recording costs of assets lo c1 cala manufacturing purchases land for $327,000 as part of its plans to build a new plant. the company pays … WebExercise 8-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $347.490 for real estate with land, land improvements, and a building. Land is appraised at $204.000; land improvements are appraised at $51,000; and the building is appraised at $255.000. 1. Allocate the total cost among the three assets. 2.
WebQuestion: Exercise 8-3 (Static) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $395,380 for real estate with and tand improvements, and a building Land is appraised at $157040, and improvements are appraised at $58,890, and the building is appraised at $176670 1. Allocate the total cost among the three assets 2. Web10-10.png - Exercise 10-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $485,000 as part of its plans to build a new plant. The 10-10.png - Exercise 10-2 Recording costs of assets LO C1... School Fayetteville Technical Community College Course Title ACC 121 Uploaded By lockleal9128 Pages 1 Ratings …
WebExercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $461,000 as part of its plans to build a new plant. The company pays $41,400 to tear down an old building on the lot and …
WebExercise 10-1 Cost of plant assets LO C1 Rizio Co. purchases a machine for $12,200, terms 1/10, n/60, FOB shipping point. The seller prepaid the $276 freight charges, adding the amount to the invoice and bringing its … five at heart arcWebJul 30, 2024 · Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $390,000 as part of its plans to build a new plant. The company pays $33,500 to tear down an old building on the lot the and $47,000 to fill and level the lot. canine design pet grooming oak grove moWebExercise 10-2 Recording costs of assets L.O. C1 Cerner Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The … five at heart brisbaneWebExercise 8-3 Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $345,000 for real estate plus $18,285 in closing costs. The real estate consists of land appraised at $184,500; land improvements appraised at $61,500; and a building appraised at $164,000 Required: 1. Allocate the total cost among the three purchased assets 2. five at heart lockersWebPrepare journal entries to record the machine's disposal under each of the following separate assumptions: 1. Record the sale of the used machine for $21,000 cash. 2. Record the sale of the used machine for $84,000 cash. 3. Record the insurance settlement received of $31,500 resulting from the total destruction of the machine in a fire. five at heart iron maidenWebExercise 10-3 (Algo) Lump-sum purchase of plant assets LO C1 Rodriguez Company pays $384,345 for real estate with land, land improvements, and a building. Land is appraised at $220,500; land improvements are appraised at $98,000; and the building is appraised at $171,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal ... five at freddy\u0027s game freeWebExercise 8-2 (Algo) Recording costs of assets LO C1 Cala Manufacturing purchases land for $415,000 as part of its plans to build a new plant. The company pays $42,200 to tear down an old building on the lot and $62,383 to fill and level the lot. It also pays construction costs of $1,570,400 for the new building and $99,128 for lighting and ... canine dewclaw