subject
Business, 21.06.2020 02:57 jarvinmcgillp3dhni

Shelton Co. purchased a parcel of land six years ago for $873,500. At that time, the firm invested $145,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $54,000 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $925,000. What value should be included in the initial cost of the warehouse project for the use of this land?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:20
Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.
Answers: 2
question
Business, 22.06.2019 22:40
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
question
Business, 23.06.2019 22:30
The total combined lifetime value of a company's current and potential customers is called a. customer loyalty b. customer equity c. market share d. customer retention e. share of customer
Answers: 2
question
Business, 24.06.2019 03:30
Consumers would pay an extra if they used the rent-to-own program, rather than cash to buy the computer.
Answers: 1
You know the right answer?
Shelton Co. purchased a parcel of land six years ago for $873,500. At that time, the firm invested $...
Questions
Questions on the website: 13722359