subject
Business, 22.03.2021 21:00 aaronhorowitz36

On December 1, 2015, Logan Co. purchased a tract of land as a factory site for $800,000. The old building on the property was razed (torn down), and salvaged materials resulting from demolition were sold. Additional costs incurred and salvage proceeds received during December were as follows:Cost to raze old building $70,000Legal fees for purchase contract and to record ownership 10,000Title guarantee insurance 16,000Proceeds from sale of salvaged materials 8,000What amount should be reported as land?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:10
Amanda works as an industrial designer
Answers: 1
question
Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
Answers: 1
question
Business, 22.06.2019 11:20
Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).
Answers: 3
question
Business, 22.06.2019 19:30
Adisadvantage of corporations is that shareholders have to pay on profits.
Answers: 1
You know the right answer?
On December 1, 2015, Logan Co. purchased a tract of land as a factory site for $800,000. The old bui...
Questions
question
Mathematics, 16.12.2020 20:00
question
Mathematics, 16.12.2020 20:00
question
Mathematics, 16.12.2020 20:00
question
Computers and Technology, 16.12.2020 20:00
question
Mathematics, 16.12.2020 20:00
Questions on the website: 13722363