cost of the land. land improvements. and building

Exercise Score: 0 of 10 pts Assignment Score: 0% (O of 80 pts) oof8 complete E
Belvidere Furniture Co. purchased land. paying $85.000 cash plus a $300.000 note payable. In addition. Belvidere paid delinquent
property tax of $4.500. title insurance costing $4.000. and $5.000 to level the land and remove an unwanted building. The company then
constructed an oflice building at a cost of $600.000. It also paid $S1.000 for a fence around the property. $15.000 for a sign near the
entrance. and $9.000 for special lighting ofthe grounds.

Requirements

1. Determine the cost ofthe land. land improvements. and building.

2. Which ofthese assets will Belvidere depreciate?

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cost of the land. land improvements. and building

Exercise Score: 0 of 10 pts Assignment Score: 0% (O of 80 pts) oof8 complete E
Belvidere Furniture Co. purchased land. paying $85.000 cash plus a $300.000 note payable. In addition. Belvidere paid delinquent
property tax of $4.500. title insurance costing $4.000. and $5.000 to level the land and remove an unwanted building. The company then
constructed an oflice building at a cost of $600.000. It also paid $S1.000 for a fence around the property. $15.000 for a sign near the
entrance. and $9.000 for special lighting ofthe grounds.

Requirements

1. Determine the cost ofthe land. land improvements. and building.

2. Which ofthese assets will Belvidere depreciate?

Leave a Reply

Your email address will not be published. Required fields are marked *