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kakasveta [241]
1 year ago
12

Fullerton Waste Management purchased land and a warehouse for $720,000. In addition to the purchase price, Fullerton made the fo

llowing expenditures relate to the acquisition: broker’s commission, $42,000; title insurance, $9,000; miscellaneous closing costs, $12,000. The warehouse was immediately demolished at a cost of $30,000 in anticipation of the building of a new warehouse. Determine the amounts Fullerton should capitalize as the cost of the land and the building.
Business
1 answer:
g100num [7]1 year ago
8 0

Answer:$813,000

Explanation:

The cost of property plants and equipment in relation to IAS 16 includes the purchase price, related tax, transportation, professional fee, first insurance cost, and all other costs incurred to put the property in a position to be put into the desired use. The cost also includes all related miscellaneous cost.

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The condensed income statement for a Hayden Corp. for the past year is as follows: Product T U Sales $680,000 $320,000 Costs: Va
faltersainse [42]

Answer:

a. $140,000 decrease

Explanation:

\left[\begin{array}{cccc}Year&continued&discontinued&differential\\Sales&680,000&0&-680,000\\variable \: cost&-540,000&0&540,000\\contibution&140,000&0&-140,000\\fixed \: cost&-145,000&-145,000&0\\net \: income&-5,000&-145,000&-140,000\\\end{array}\right]

The fixed cost would not be eliminated entirely and we have no information of any partial decrease. so the differential analysis shows a decrease in 140,000 in the net income if product T is discountinued

3 0
1 year ago
John, Lesa, and Tabir form a limited liability company. John contributes 60 percent of the capital, and Lesa and Tabir each cont
irinina [24]

Answer:

state statutes

Explanation:

Usually, if the LLC's operating agreement didn't specify how the profit would be distributed, state statutes determine that the profits must be divided equally among members.

LLC are separate entities form their owners, they are authorized and created by the state's statutes, and they become legal entities in the state where they have their offices and operate.

4 0
1 year ago
According to the midpoint method, the price elasticity of demand for tomatoes between point x and point y is approximately , whi
Mashutka [201]
According to the midpoint method, the price elasticity of demand for tomatoes between point X and point Y is approximately (1.8 or 0.56 or 0.09 or 0.05) , which suggests that the demand for tomatoes is (elastic or 
4 0
2 years ago
Jaime works as a Power Plant Manager. What are some tasks that he may be involved in?
babunello [35]
A .
<span>designing systems, scheduling projects, and supervising workers</span>
6 0
2 years ago
Read 2 more answers
On January 1, 2017, Leo paid $15,000 for 5 percent of the stock in BLS, an S corporation. In November, he loaned $8,000 to BLS i
Elina [12.6K]

Answer:

NONE

Explanation:

The BLS investment do not qualifies to use the equity-method as his percent of  the comany's are below 20%

The investment will yield a gain for Leo when it distribute dividends and from the change in the market value of the share.

Their investment is valued at cost, it do not recognize gains for the company's income or losses.  

6 0
1 year ago
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