Vijay Inc. purchased a three-acre tract of land for a building site for $400,000. On the land was a building with an appraised value of $114,000. The company demolished the old building at a cost of $12,500, but was able to sell scrap from the building for $1,680. The cost of title insurance was $910 and attorney fees for reviewing the contract were $550. Property taxes paid were $2,500, of which $160 covered the period subsequent to the purchase date. The capitalized cost of the land is: The capitalized cost of the land is: Multiple Choice O O O O $287,070. $416,460. $414,620. $416,300.

Answers

Answer 1

The capitalized cost of the land, taking into account the purchase price, demolition cost, scrap sale, title insurance, attorney fees, and property taxes, is $416,460.

To calculate the capitalized cost of the land, we need to consider all relevant expenses incurred during the acquisition and preparation of the land.

The initial cost of the land is given as $400,000. Additionally, the cost of demolishing the old building is $12,500, but the company was able to sell scrap from the building for $1,680. Therefore, the net demolition cost is $12,500 - $1,680 = $10,820.

In addition to these costs, there are other expenses associated with the land purchase. The cost of title insurance is $910, and attorney fees for reviewing the contract amount to $550.

Furthermore, property taxes of $2,500 were paid, but $160 of that amount covers the period subsequent to the purchase date. Therefore, the portion related to the purchase is $2,500 - $160 = $2,340.

To calculate the capitalized cost, we sum up all the relevant expenses:

$400,000 (purchase price) + $10,820 (net demolition cost) + $910 (title insurance) + $550 (attorney fees) + $2,340 (property taxes) = $414,620.

Thus, the capitalized cost of the land is $416,460.

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Related Questions

Renovation of a small compartment in a houseboat or camping trailer that is too small for more than one person is an example of a(n) ________ resource constraint.

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Renovation of a small compartment in a houseboat or camping trailer that is too small for more than one person is an example of a(n) __physical______ resource constraint.

When we talk about resource constraints, the usual ones come to mind: food, oil, and water.However, we should also consider metals, phosphorous, gas, and land. All are under pressure – some more extreme than others. At current rates of consumption, there are real physical constraints on several important materials.We have around 8 years of production left of antimony, a key ingredient in batteries, 12 years of iridium, important for solar panels, and only 17 years of silver and zinc. We have around 30 years' worth of copper, and 45 years of titanium. physical resource constraint refers to the limitations of inputs available to complete a particular job which is primarily people's time, equipment, and supplies. in this scenario, the Renovation of a small compartment in a houseboat or camping trailer that is too small for more than one person is an example of a physical resource constraint.

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name four commercial services which are useful to a manufacturer​

Answers

I don’t know but you will get it

write out two uses of oxygen​

Answers

Answer: Common uses of oxygen include production of steel, plastics and textiles, brazing, welding and cutting of steels and other metals, rocket propellant, oxygen therapy, and life support systems in aircraft,submarines, spaceflight and diving.

Explanation:

Determine the values of i (the interest rate per period), n (the number of interest periods), P (the present value), and F (the future value) for the following situation. An amount of $4870.59 is deposited on January 1, 2011. The balance on July 1, 2018 is $6000 and the interest is 2.8% compounded semiannually. i=0.014 (Type an integer or a decimal.) n = (Type an integer or a decimal.)

Answers

The values are:i = 0.014 (or 1.4% per period) n = 14.947 (approximately) , P = $4870.59, F = $6000. To determine the values of i, n, P, and F, we can use the formula for compound interest: F = P * (1 + i)^n

Where: F = Future value, P = Present value.i = Interest rate per period. n = Number of interest periods Given:P = $4870.59, F = $6000, i = 0.014 (2.8% expressed as a decimal). The interest is compounded semiannually, which means the interest is applied twice a year. To find n, we can use the formula for the number of periods in compound interest:n = (log(F/P)) / (log(1 + i)). Using the given values, we can calculate n: n = (log(6000/4870.59)) / (log(1 + 0.014)), n ≈ 14.947 (rounded to three decimal places)
Therefore, the values are:i = 0.014 (or 1.4% per period) n = 14.947 (approximately) , P = $4870.59, F = $6000

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The problem of dilution never arises with call options, but it can arise with warrants.(True/False)

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False. The problem of dilution can arise with both call options and warrants. Dilution occurs when a company issues additional shares of stock, which can decrease the value of existing shares and dilute the ownership stake of current shareholders.

When call options are exercised, new shares of stock are issued, which can result in dilution. Similarly, when warrants are exercised, new shares of stock are issued, which can also result in dilution. The difference between call options and warrants is that warrants are typically issued by the company itself, while call options are traded among investors. This means that the company has more control over the terms of the warrants and can potentially structure them in a way that could lead to greater dilution for existing shareholders. We can say that dilution is a critical issue for investors as it can impact the value of their investment. It is important for investors to carefully consider the terms of any investment instrument, including call options and warrants, to understand the potential risks associated with dilution.

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an individual does not have an attitude until he or she responds to an entity on a:

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An individual's attitude remains undefined until they respond to an entity on a 1², highlighting the importance of interaction and engagement in shaping one's perspective and opinions.

Determine how to work the subscript 1 indicates?

In the given statement, the subscript 1 indicates that the individual is responding to a specific entity. The superscript ² is used to denote the concept of attitude, which refers to an individual's feelings, opinions, or beliefs towards something or someone.

The statement suggests that until the individual interacts with or responds to the entity in question, their attitude remains undefined or non-existent. It implies that attitudes are formed or expressed as result of the individual's response to the entity or situation at hand.

The use of subscripts and superscripts helps clarify the specific context and relationships described in the statement.

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jason delivers pizza to earn some extra money to pay for college. if jason's self-employment tax is $1520, how much of it can he deduct as a for agi deduction

Answers

Jason can deduct $760 of his self-employment tax as a for AGI deduction.

As per the problem, Jason delivers pizza to earn some extra money to pay for college. If Jason's self-employment tax is $1520, we have to find how much of it can he deduct as a for AGI deduction.

As per the IRS rules, Jason can deduct only 50% of his self-employment tax on his taxes. Therefore, the deduction that Jason can claim for AGI deduction is as follows;

Deduction for AGI deduction = 50% of self-employment tax

= 50% of $1520

= $760

Therefore, Jason can deduct $760 of his self-employment tax as a for AGI deduction. The rest of his self-employment tax cannot be used as a for AGI deduction. Hence, the answer is $760. AGI stands for Adjusted Gross Income. This is the amount of income you have before taking the standard or itemized deductions and personal exemptions. It is an important step in calculating your taxable income and determining how much tax you owe.

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Any one want to play among us?​

Answers

Answer:

send the code my g

Explanation:

Yes yes yes yes yes

which statement best describes the relationship between businesses and other parts of the circular flow of goods?
A. businesses make rules about what resources will be available
B. businesses sell the goods produced in households
C. businesses create the goods that product markets sell
D. businesses make it easier for households to access resource markets

Answers

The statement that describes the relationship between businesses and other parts of the circular flow of goods is that it is the businesses that create the goods that product markets sell. Hence, Option C is correct.

What is the flow of goods?

Right from the availability of the raw material to the delivery of the goods to the ultimate customer, there is proper supply chain management, it works with the aim of the flow of goods. There are various types of flow, like labor flow, money flow, and many more.

Sometimes it is a complicated web in which there are interconnected networks, which involve a distribution channel also. There is a flow of labor also available, whose work is to produce goods and services.

Therefore, Option C is correct.

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The ability to understand and value a wide variety of people, including persons of both sexes and different ages, races, income groups, and nationalities, is a an example of a _____ skill

A. Conceptual
B. Functional
C. Human Relations
D. Technical

Answers

Answer: Human relations C

Explanation:

The ability to understand and value a wide variety of people, including persons of both sexes and different ages, races, income groups, and nationalities, is an example of a Human Relations skill. Thus option C is correct.

What is a Human Relations skill?

Human relations abilities are the ability to relate to others in a positive way so that you can productively participate and accomplish shared objectives. It supports establishing and preserving healthy and balanced interactions at work.

The development and maintenance of great workplace culture, employee retention, and productivity stimulation all depend on good human relations.

The success of a firm is influenced by how well its employees get along with one another, and human relations skills are useful in managing and directing these interactions.

These skills have the capacity to appreciate and comprehend a diverse range of people, including those of both sexes and from a variety of age groups, races, socioeconomic classes, and cultures.

Therefore, option C is appropriate.

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what would be the best leadership strategy for a giver

Answers

Answer:

depends on the situation give me a strategy and ill give you why it would be the best

Which of the following are types of evidence that can be used to support a
controlling idea? *
facts (statements that can be proved true)
statistics (data that is gained from research)
examples (specific instances of a general idea)
anecdotes (brief stories that illustrate a point)
all of the above

Answers

Answer:

all of the above

Explanation:

The controlling idea is the text that grabs the reader's attention in a paragraph or headline. It arouses curiosity in the audiences. The controlling idea makes people eager and anxious for details. In support of the controlling idea, the writer uses evidence to paint a clear picture of the events or story.

Some of the evidence that a writer can use include

Verifiable facts and dataReal-life stories and experiencesResearch outcomesFactual information in the public domain

Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?

Answers

Answer: short term goal

Explanation:

A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.

Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.

when crafting a solution to a problem during a performance appraisal, what should employers do? (choose every correct answer.)

Answers

When crafting a solution to a problem during a performance appraisal, employers should consider the following steps like Identify the problem, Analyze the problem, Set clear expectations,  Involve the employee, Develop an action plan,  Monitor progress, Provide support.


1. Identify the problem: Employers should first clearly identify the problem by gathering information and reviewing the employee's performance. They should consider any discrepancies between expected and actual performance, as well as the impact of the problem on the organization.
2. Analyze the problem: Once the problem is identified, employers should analyze its root causes and contributing factors. This may involve examining the employee's work habits, training, and external factors that may be affecting their performance.
3. Set clear expectations: Employers should ensure that the employee understands the performance expectations and goals for their role. This may involve reviewing job descriptions, performance metrics, and discussing areas for improvement.
4. Involve the employee: When crafting a solution, employers should involve the employee in the process. This may include soliciting their input, discussing potential solutions, and incorporating their feedback into the final plan.
5. Develop an action plan: Employers should create a specific, measurable, achievable, relevant, and time-bound (SMART) action plan to address the problem. This plan should outline the steps to be taken, the resources needed, and a timeline for achieving the desired outcome.
6. Monitor progress: Employers should regularly monitor the employee's progress toward achieving the goals set in the action plan. This may involve scheduling periodic check-ins, providing feedback, and adjusting the plan as necessary.
7. Provide support: Throughout the process, employers should provide support to the employee, such as additional training, resources, or mentorship, to help them achieve their goals and improve their performance.
By following these steps, employers can craft effective solutions to problems identified during performance appraisals, helping both the employee and the organization to grow and succeed.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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Multiple Choice
Which of the following illustrates why corn was such a precious commodity to Native Americans?
The kernels were easy to transport.
It was easy to plant and grew quickly.
o One kernel could produce one to two ears.
It could be grown in any type of soil.

Answers

It could be grown in any type of soil

A random variable follows a binomial distribution with a probability of success equal to 0.59. Find:
For a sample size of n=6, find: The probability of exactly 4 success
The expected value(mean)
The expected variance

Answers

If a random variable follows a binomial distribution with a probability of success equal to 0.59 then the expected variance is approximately equal to 1.468.

Given that a random variable follows a binomial distribution with a probability of success equal to 0.59.

We need to find the following values:

For a sample size of n = 6, find: The probability of exactly 4 successes The expected value(mean)The expected variance

The probability of exactly 4 successes

The probability of exactly 4 successes can be calculated by using the following formula:

P(X = k) = nCk * p^k * (1 - p)^(n - k)

Where, P = Probability of success

n = sample size

nCk = combination of k successes in n trials

Therefore, the probability of exactly 4 successes can be calculated as

P(X = 4) = 6C4 * 0.59^4 * (1 - 0.59)^(6 - 4) = 0.2676

The probability of exactly 4 successes is 0.2676.

The expected value (mean) The expected value (mean) of a binomial distribution is given by the formula: μ = np

where, μ = mean of the binomial distribution n = sample size p = probability of success

Therefore, the expected value is: μ = 6 * 0.59 = 3.54 The expected value (mean) is 3.54.

The expected variance of a binomial distribution is given by the formula: σ^2 = np(1 - p) where σ^2 = variance of the binomial distribution = sample size p = probability of success

Therefore, the expected variance is:σ^2 = 6 * 0.59 * (1 - 0.59)≈ 1.468

The expected variance is approximately equal to 1.468.

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Terophone charge is debit or credit​

Answers

Answer:

credit

Explanation:

A cash flow statement can help you develop and determine budget categories.
a. True
O b. False

Answers

B. False hope this helps!

Complete the statement below using the correct term.
on the job under _____
Highly motivated people who seek help from the right people will advance and be able to
most conditions

Answers

When a person is highly motivated, they will be more likely to advance and overcome most conditions in a job under pressure.

What happens to highly motivated people?

When a person is highly motivated to work, and seeks help from the right people, they will gain the necessary knowledge needed to advance in a company.

This means that their knowledge combined with their willingness to work hard on account of their motivation, will allow them to overcome most conditions regardless of the pressure they will be under.

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Which completes the equation?
O + A + Consideration (+______) = K

Legal capability
Legal capacity
Legal corporations
Legal injunction

Answers

"Legal capacity" is the final term that completes the equation.

What is the full legal age?

What a person is legally capable of doing depends on the rules and regulations of the legal system. It is a fiction with no underlying reality that every legal system uses to establish a relationship with its constituents.

What does the legal competence to contract mean?

A party has the legal authority to enter into a contract if they have the capacity to do so. Capability also implies that a person must be legally competent. A person's ability is determined by two factors: whether they are of legal age to enter into contracts and if they are mentally able to do so.

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To buy a product, customers in a market must first

Answers

To buy a product, customers must first have the need for the product.

Customers cannot just simply buy anything or everything when it comes to products. People love shopping but money is a very useful and powerful resource and customers understand it well, so they don't want to spend it on useless things.

Firstly, there should be a need or a desire to buy a particular product. After that the customer decides his or her budget or the money he would like to spend on that product. If it crosses his or her budget, then the customer may not able to buy the product.

Lastly, there should be willingness to buy the product. Nowadays, we get impressed by big brands, malls and stores giving us immense discounts for even our daily needs. That is how knowingly or unknowingly, we tend to shop more.

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A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to ______. (Check all that apply.)

Answers

-maintain maximum efficient scale
-differentiate more
-take advantage of economies of scale
-take advantage of location economies
-be locally responsive
-take advantage of economies of scale
-take advantage of location economies

The monthly expenses acquired when running a business are called...?

1)operating expenses
2)ending Inventory
3)beginning Inventory
4)start-up costs

Answers

Operating expenses; a

Briefly explain the following entrepreneurship ventures and give one example for each 1 E-business 2 social entrepreneurship 3 cultural entrepreneurship 4 innovative entrepreneurship​

Answers

Entrepreneurship ventures can take various forms, such as E-business, social entrepreneurship, cultural entrepreneurship, and innovative entrepreneurship, each with unique focuses and examples.

What are Entrepreneurship Ventures?

Entrepreneurship ventures refer to the various types of entrepreneurial endeavors, which can include E-business, social entrepreneurship, cultural entrepreneurship, and innovative entrepreneurship.

They are explained as follows:

E-business is an entrepreneurial venture that focuses on using technology to create, operate, and manage a business online. An example of an E-business is Amazon, which started as an online bookstore and has since expanded to sell a variety of products and services online.Social entrepreneurship is an entrepreneurial venture that focuses on addressing social or environmental issues through innovative business models. An example of a social entrepreneurship is TOMS Shoes, which donates a pair of shoes to a person in need for every pair of shoes purchased.Cultural entrepreneurship focuses on promoting or preserving cultural heritage through business activities. An example of a cultural entrepreneurship is the Navajo-owned Tsé Bit’a’í Middle Eastern Bakery, which combines traditional Navajo and Middle Eastern baking techniques to create unique baked goods.Innovative entrepreneurship focuses on developing and commercializing new products or services that are innovative and/or disruptive. An example of an innovative entrepreneurship is Tesla, which is revolutionizing the automotive industry by developing electric cars and renewable energy solutions.

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Does anyone know what the definition of expanding manufacturing is?

Answers

Definition - To make your business grown larger or faster by diversifying your current product line

Hope this help :)

medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income.
true/false

Answers

The statement medical costs, taxes, and interest are all examples of deductions that are subtracted from adjusted gross income is false. Your AGI may occasionally be lower and will never exceed your gross total income on your tax return.

An agreement known as medical reimbursement allows employers to cover some of an employee's medical costs. The Income Tax Act permits a tax exemption of up to INR 15,000 for employer-paid medical expenses. Modified Adjusted Gross Income (MAGI) Medi-Cal is the most prevalent type of the programme. Non-MAGI Medical is Medi-Cal that determines eligibility using different criteria, such as property value, household size, and income.

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Which of the following is NOT a typical task in the Administrative Support pathway?
Greeting and welcoming customer
Equipment operation and maintenance
Scheduling and confirming appointments
Filing and maintaining documents

Answers

Answer:

A. Greeting and welcoming customers.

Explanation:

The Administrative Support pathway is a career path that involves providing support for the daily operations of an office or organization. It involves tasks such as answering phones, responding to emails, managing schedules, organizing and maintaining records, and other similar activities. The main objective of this pathway is to make sure that the office runs smoothly and efficiently.

The tasks that are typically associated with the Administrative Support pathway are:

Greeting and welcoming customers: This includes greeting visitors, answering the phone, and directing calls or visitors to the appropriate person.

Scheduling and confirming appointments: This involves managing the schedule of an office, scheduling appointments, and ensuring that appointments are confirmed with clients.

Filing and maintaining documents: This involves organizing and maintaining important documents, such as contracts, invoices, and client information.

Equipment operation and maintenance: This task is not typically associated with the Administrative Support pathway. It involves ensuring that office equipment is properly maintained and operated, such as printers, copiers, and computers.

In conclusion, the Administrative Support pathway is a critical part of an organization's daily operations and requires a combination of technical skills and interpersonal skills.

Please mark me brainliest if I helped

the answer is A, greeting and welcoming customers

Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan

Answers

It is the 529 plan to save money for college.

Answer:

It is the 529 plan to save money for college.

Explanation:

100 point question + brainliest


Mike Oxmore has 69 apples, Moe Lester has 420, what is the mass of the sun?

Answers

The answer is 489 mass of the sun



.

Answer:

The mass of the sun is -  1.989 x 10 30 kilograms

Also, 69 + 420= 489

Explanation:

Hope this helps?

Have a nice day! <3

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