Posted: April 28th, 2016
1.
On Exercise 10 1, what is the capitalized cost of land?
$60000
$66000
$58000
$64000
2.
On Exercise 10 1, what would be the capitalized cost of the old building reported as a part of the cost of land?
$1500
$6000
$2000
$4000
3.
On Exercise 10 1, what is the capitalized cost of the building?
$517000
$512000
$505000
$520000
4.
From Exercise 10 1, what cost incurred is not part of the initial price of an operational asset?
Any cost of bringing the asset to its condition and location for use
Transportation cost paid by the seller to transfer the asset to the location it will be used
Expenditures for Installation
Testing of the equipment to establish working condition
Legal fees to establish title
Place an order in 3 easy steps. Takes less than 5 mins.