2024 Exercise 10-2 recording costs of assets lo c1

Exercise 10-2 recording costs of assets lo c1

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August undefined, 2024

WebAccounting questions and answers. Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $13,900, terms 2/10, n/60, FOB shipping point. Rizio paid within the discount period and took the $278 discount. Transportation costs of $314 were paid by Rizio. The machine required mounting and power connections costing $961. 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.

Solved Exercise 8-3 (Algo) Lump-sum purchase of plant assets

WebExercise 10-2. Recording costs of assets C1. Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $280,000 for the lot plus $110,000 for the old building. The company pays $33,500 to tear down the old building and $47,000 to fill and level the lot. Web2 Exercise 10-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $266,000 for the lot plus $161,000 for the old building. The company pays $33,200 to tear down the old building and $49,078 to fill and level the lot. … chsld marieville

Solved Exercise 8-3 Lump-sum purchase of plant assets LO C1 - Chegg

WebExercise 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 ... 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 $26,800 to tear down an old building on the lot and $39,617 to fill and level the lot. it also pays construction costs of $1,661,800 for the new building and $104,898 for lighting and … WebExercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $238,000 for the lot plus $133,000 for the old building. The company pays $29,500 to tear down the old building and $43,609 to fill and level the lot. chsld logo

Answered: Problem 8-6A Disposal of plant assets… bartleby

Solved Problem 8-3A Asset cost allocation; straight-line - Chegg

WebPrepare 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. 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 tear down an old building on the lot the and $47,000 to fill and level the lot. description of boreal forest biomeWebBusiness Accounting Exercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases land for $367,000 as part of its plans to build a new plant. The company pays … chsld mgr ross

"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 … " - Exercise 10-2 recording costs of assets lo c1

Exercise 10-2 recording costs of assets lo c1

Exercise 8.docx - Exercise 8-2 Recording costs of assets LO...

WebExercise 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 … WebExercise 10-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated …

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WebNov 3, 2024 · 10-10.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 … WebProblem 8-5A Computing and revising depreclation; selling plant assets LO C2, P1, P2 Yoshi Company completed the following transactions and events involving its delivery trucks. Year 1 1 Paid $20, 515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and $2,150 salvage value.

Web2 Exercise 10-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The … WebExercise 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.

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 … WebQuestion: Exercise 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 …

WebExercise 8-2 Recording costs of assets LO C1 Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $251,000 for the lot plus $146,000 for the old building. The company pays $44,500 to tear down the old building and $65,783 to fill and level the lot. It also pays a …

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 … chsld michèle bohecWebSolution : 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: chsld near meWebExercise 8-1 (Static) Cost of plant assets LO C1 Rizio Company purchases a machine for $12, 500, terms 2/10, n /60, FOB shipping point.Rizio paid within the discount period and took the $250 discount. Transportation costs of $360 were paid by Rizio. The machine required mounting and power connections costing $895.Another $475 is paid to … description of bracken fernhttp://numberknowledge.com/wp-content/uploads/2016/08/DCC-201-In-Class-Assignments-Long-Term-Assets-Wild-22e-Student-Version.docx chsld morelWebRequired information. Problem 8-6A Disposal of plant assets LO C1, P1, P2. Onslow Co. purchased a used machine for $240,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the machine and an additional $1,600 to secure it in place. The machine will be used for six years and have a $28,800 salvage value. description of bora boraWebPrepare journal entries to record the machine’s disposal under each of the following separate assumptions: Record the sale of the used machine for $15,000 cash. Record the sale of the used machine for $50,000 cash. Record the insurance settlement received of $30,000 resulting from the total destruction of the machine in a fire. chsld oasis chsld new carlisle