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SCORPION-xisa [38]
2 years ago
7

The Reid Co. acquired a piece of land for a new factory paying $100,000. Reid demolished the old building at a cost of $20,000,

and sold scrapped material salvaged from the old building for $5,000. The architect’s fees were $25,000, and the title insurance upon acquisition of the land was $1,000. The construction period interest was $8,000, and the contractor received $300,000 for the building. A pavement assessment made by the city cost Reid $2,000 at the purchase date.
A) The cost of the land recorded by Reid Co. is
B) The cost of the building recorded by Reid Co. is
Business
2 answers:
Julli [10]2 years ago
3 0

Answer:

A$118,000 B.$333,000

Explanation

Land$100,000

Demolition20,000

Scrap value(5,000)

Title insurance1,000

Paving assessment2,000

Total land cost($118,000)

B. The cost of the building recorde

d by Reid

Archirectfees$25,000

Construction interest8,000

Building cost300,000

Total building cost. $333,000

Y_Kistochka [10]2 years ago
3 0

Answer:

Check the explanation

Explanation:

A.

Land                                        $ 100,000

Demolition                                  20,000

Scrap value                                 (5,000 )

Title insurance                               1,000

Paving assessment                      2,000

Total land cost                         $ 118,000

B.

Architect fees                                 $ 25,000

Construction interest                          8,000

Building cost                                     300,000

Total building cost                         $ 333,000

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Explanation:

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Suppose that Criminal Carl breaks into Vince Victim's house, steals the TV and does terrible damage to the property. However, wh
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Answer:

8) In civil court, one person - "plaintiff" files a lawsuit against another person "defendant" because of a dispute or problem between them. If the defendant loses the case, the person may be ordered to pay money to the plaintiff or return the stolen property like in the case of Carl and Vince, but the defendant does not go to jail just for losing the case.      

 If Vince does not want to bring action against Carl, the civil case would therefore be dropped.

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