Business, 12.11.2019 00:31, hunter0156
In january 2013, mitzu co. pays $2,600,000 for a tract of land with two buildings on it. it plans to demolish building 1 and build a new store in its place.
building 2 will be a company office; it is appraised at $644,000, with a useful life of 20 years and a $60,000 salvage value. a lighted parking lot near building 1 has improvements (land improvements 1) valued at $420,000 that are expected to last another 12 years with no salvage value. without the buildings and improvements, the tract of land is valued at $1,736,000. the company also incurs the following additional costs: cost to demolish building 1 $ 328,400cost of additional land grading 175,400cost to construct new building (building 3), having a useful life of 25 years and a $392,000 salvage value 2,202,000cost of new land improvements (land improvements 2) near building 2 having a 20-year useful life and no salvage value 164,000total costs $5,469,800 1. allocate the costs incurred by mitzu to the appropriate columns and total each column.2. prepare a single journal entry to record all the incurred costs assuming they are paid in cash on january 1, 2013.3. using the straight-line method, prepare the december 31 adjusting entries to record depreciation for the 12 months of 2013 when these assets were in use.
Answers: 2
Business, 22.06.2019 04:00, cameronbeaugh
Last week paul, ceo of quality furniture in south carolina, traveled to europe to visit customers. while overseas, paul checked his e-mail daily and showed his company's website to customers, explaining how the website will them place orders and receive merchandise more quickly. after visiting the last customer friday morning, paul was able to return to the corporate office in south carolina to meet with his board of directors that night. is the "shrinking" of time and space with air travel and electronic media.
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Business, 22.06.2019 11:00, samwamooo
Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.
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Business, 22.06.2019 15:00, shakaylaousley1997
Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?
Answers: 2
In january 2013, mitzu co. pays $2,600,000 for a tract of land with two buildings on it. it plans to...
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