Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wildhorse wholesale motor company purchases land f

Wildhorse Wholesale Motor Company purchases land for $170000 cash. Wildhorse assumes $4900 in property taxes...

80.2K

Verified Solution

Question

Accounting

Wildhorse Wholesale Motor Company purchases land for $170000 cash. Wildhorse

assumes $4900 in property taxes due on the land. The title and attorney fees totaled

$1600. Wildhorse has the land graded for $4200. They paid $19000 for paving of a

parking lot. What amount does Wildhorse record as the cost for the land?

a.$180700.

b.$170000.

c.$175800.

d.$199700.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Pick one of the two options below Option 1: Mini-Mental Status Examination The Mini-Mental Status Examination,...

Biology
Q

1) Draw the whole cellular respiration cycle: Glycolysis, Bridge Step, and Krebs cycle (don't have to...

Biology
Q

explain the importance of constitution for a country. Expanded

Psychology
Q

1. What is ABNORMAL EVENTS? 2. What is MODIFICATIONS? 3. What is CERTIFICATE OF RELEASE TO SERVICE? 4....

Mechanical Engineering
Q

Suppose a fireworks shell explodes, breaking into three large pieces for which air resistance is...

Physics
Q

A A horizontal overhead powerline is at height of 4 m from the ground and...

Physics
Q

The electric cooperative needs to know the mean household usage of electricity by its non...

Statistics
Q

5 8 sin270 sin120 2cos360 6 30 2 2 cos 330 cos 90

Calculus
Q

On July 1,20X0, CriCo takes out a 10%, $10,000 note payable that is due on...

Accounting
Q

You have investors for your new business in the your area who have loaned you...

Accounting
Q

Market value of a firm is influenced by... future cash flows value of assets and...

Accounting
Q

Beginning inventory = $30903 Purchases = $201278 Sales = $315412 Gross Profit Percentage = 45%...

Accounting