Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. on-time delivery company acquired an adjacent lot

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $34,000 in...

90.2K

Verified Solution

Question

Basic Math

image

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $34,000 in cash and giving a short-term note for $281,000. Legal fees paid were $1,590, delinquent taxes assumed were $13,800, and fees paid to remove an old building from the land were $21,400. Materials salvaged from the demolition of the building were sold for $4,700. A contractor was paid $957,600 to construct a new warehouse.Determine the cost of the land to be reported on the balance sheet. $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Seether Co. has bonds with 18 years to maturity, a par value of $1,000, a YTM...

Physics
1.2K views

A small heavy metallic sphere of specific gravity 2 is suspended by a light inextensible...

Physics
1.2K views

screen in case of D In Young s double slit experiment the distance between the...

Basic Math
1.2K views

3 4 points Abdul needs to repay a 25000 debt His bank offers personal loans...

Basic Math
1.2K views

Answer the questions about the following function.f(x)=12x/x4 +36(a) is the point (-?6,1) on the graph...

Calculus
1.2K views

icial Miami Dade College Homepage Question 1 of 5 1 point Attempt 1 c Solve...

Accounting
1.2K views

Which of the following items is NOT reported among the assets on the balance sheet?...

Accounting
1.2K views

This year Evan graduated from college, and took a job as a deliveryman in the...

Accounting
1.2K views

Cornerstone Exercise 9-32 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $600,000...

Finance
1.2K views

Find the equivalent interest rate to the given nominal interest rate. Select the correct answer....

Accounting
1.2K views

Saved Help Save & Exit Submit Use the information in each of the following separate...

Accounting
1.2K views

Time and Again Company makes clocks. The budgeted annual fixed overhead costs for 2017 total...