1

Required information [The following information applies to the questions displayed below On January 1, Mitzu Co....

Question

Required information [The following information applies to the questions displayed below On January 1, Mitzu Co....

Required information [The following information applies to the questions displayed below On January 1, Mitzu Co. pays a lump-
Required information Journal entry worksheet t 2 of 3 < Record the cost of the plant assets, paid in cash. ts eBook Note: Ent
Required information [The following information applies to the questions displayed below On January 1, Mitzu Co. pays a lump-sum amount of $2,700,000 for land, Building 1, Building 2, and Land Improvements 1. Building 1 has no value and will be demolished. Building 2 will be an office and is appraised at $780,000, with a useful life of 20 years and a $85,000 salvage value. Land Improvements 1 is valued at $450,000 and is expected to last another 15 years with no salvage value. The land is valued at $1,770,000. The company also incurs the following additional costs. Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3, having a useful life of 25 years and a $402,000 salvage value Cost of new Land Improvements 2 having a 20-year useful life and no salvage value $338,400 189,400 2,202,000 178,000 2. Prepare a single journal entry to record all the incurred costs assuming they are paid in cash on January 1. View transaction list Journal entry worksheet 1 CEN of 14 <Prex 6 Next> 25 NOV 21 un
Required information Journal entry worksheet t 2 of 3 < Record the cost of the plant assets, paid in cash. ts eBook Note: Enter debits before credits. Print Debit Credit Date General Journal Jan 01 View general journal Record entry Clear entry of 14 Next > <Prev 6 taw aill 25 NOV X 21 MacBook Air LO

Answers

Solution: 1 Allocate costs incurred by Mitzu Percentage of Appraised Total Appraised Allocation of purchase price | Value Val


Similar Solved Questions

1 answers
Determine for each compound whether is water-soluble or not. AgNO3 Casoy KClO3 K2CO3 Poll My Brz...
Determine for each compound whether is water-soluble or not. AgNO3 Casoy KClO3 K2CO3 Poll My Brz Cas(poula NaOH (NHH), PO4...
1 answers
How do I approach this? 61. Use Euler's method to find approximate values for the solution...
How do I approach this? 61. Use Euler's method to find approximate values for the solution of the initial value problem dy dx = I – Y y(0) 1 on the interval [0, 1] using a) five steps of size h = 0.2, and b) ten steps of size h = 0.1. Solve the initial – value problem and find the er...
1 answers
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,440,000 and the...
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,440,000 and the December 31, 2019, balance sheet showed long-term debt of $1,660,000. The 2019 income statement showed an interest expense of $98,000. What was the firm's cash flow to creditors during 20...
1 answers
T 1 of 2 Saved Hel On January 1, 2021, California Financial purchases a building for...
t 1 of 2 Saved Hel On January 1, 2021, California Financial purchases a building for $900,000, signing a 5%, 20-year mortgage. Installment payments of $5,939.60 are due at the end of each month, with the first payment due on January 31, 2021. Required: 1.2.& 3. Record the issuance of the mortgag...
1 answers
Present Value for Various Compounding Periods Find the present value of $675 due in the future...
Present Value for Various Compounding Periods Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. a. 6% nominal rate, semiannual compounding, discounted back 5 years. $ 504.40 b. 6% n...
1 answers
Calculate the error in acceleration in this equation, assuming vo=0 m/s, Δx ± δx and t...
Calculate the error in acceleration in this equation, assuming vo=0 m/s, Δx ± δx and t ± δt. x=v0t+1/2at^2...
1 answers
During a monthly Lunch and Learn Seminar at TLG offices, all TLG business consultants are discussing...
During a monthly Lunch and Learn Seminar at TLG offices, all TLG business consultants are discussing various client cases. During the Discussion of GC's new business, the group discusses the following question: (1) Analyze and explain the implied warranty of merchantability. (2) Analyze and expl...
1 answers
Identify and distinguish the various health care settings by listing the type of care provided, patients...
identify and distinguish the various health care settings by listing the type of care provided, patients length of stay and health care professionals who work in that setting...
1 answers
- Yco - cs. x01 cs. Poles are & JE teres que S 3- For each...
- Yco - cs. x01 cs. Poles are & JE teres que S 3- For each of the following Transfer Functions find, a) The Impulse Response, this is find y(t) if X(t) = o(t) b) The Step Response, this is find y(t) if X(t) = u(t) i) T(S) = Y(s)/X(s) = 10 / [(s + 2) (s + 3)] ii) T(s) = Y(s)/X(s) = (5 s + 10)/(s?...
3 answers
What is #1^2+(1^2+2^2)+(1^2+2^2+3^2)+...+(1^2+2^2+...+22^2)# ?
What is #1^2+(1^2+2^2)+(1^2+2^2+3^2)+...+(1^2+2^2+...+22^2)# ?...
1 answers
How do you simplify # ((16x^2(y))/(81xy^2))/((24x^2(y))/(54x^3(y^3)))#?
How do you simplify # ((16x^2(y))/(81xy^2))/((24x^2(y))/(54x^3(y^3)))#?...
1 answers
Just want to verify I'm doing this correctly. Please show all steps, so I can see...
Just want to verify I'm doing this correctly. Please show all steps, so I can see where I'm going right/wrong. Thank you! 3. (1 pt) The Kap of gold(IIl) hydroxide is 3.0x 10. Show by calculation if a precipitate will form when these two solutions are mixed togcther Solution A: 0.0250 M NaOH ...
1 answers
What is the product of the following SN2 reaction? NaCN Br CI Br CN CICN Br...
What is the product of the following SN2 reaction? NaCN Br CI Br CN CICN Br CN (b) (a) (c) (d) A...
1 answers
JUMU Tumling resistance. Question 3 (4 points): You are meeting your friends at Sovi for dinner....
JUMU Tumling resistance. Question 3 (4 points): You are meeting your friends at Sovi for dinner. In order to look nice, you are blow drying your hair. Your blow dryer is 110-volts and pulls 2 amps at its lowest setting and 8 amps on its highest setting. What is the blow dryer's maximum power rat...
1 answers
Just letter suffice . all 4 qs photon with a frequency of 2.5 x 1015 Hz strikes the surface of a metal. If the can be stopped by a voltage of 3.0 v, the work function of the metal is 41) An Ultrav...
just letter suffice . all 4 qs photon with a frequency of 2.5 x 1015 Hz strikes the surface of a metal. If the can be stopped by a voltage of 3.0 v, the work function of the metal is 41) An Ultraviolet electrons that are ejected be a. 5.3 eV and the photon has an energy o b. 8.2 eV and the photon h...
1 answers
(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The...
(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats. The marginal cost of producing a hat is $18. If the Saints increase the number of hats they sell from 4 to 5, marginal revenue is: $8. $20. $22. $12. Table: Prices and Demand Quantity of Hats Price Demanded Der Ha...

-- 0.011944--