Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kenton c0. purchased a parcel of land six years ag

Kenton C0. purchased a parcel of land six years ago for $700,000. At that time,...

90.2K

Verified Solution

Question

Accounting

image

Kenton C0. purchased a parcel of land six years ago for $700,000. At that time, the firm invested $150,000 in grading the site so that it would be usable. Since the firm wasnit ready to use the site itself at that time, it decided to lease the land for $47,000 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 5950,000 . What value should be included in the initial cost of the warehouse project for the use of this land? $850,000$950,000$1,042,000$897,000$0

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

Other questions asked by students

Q

What type of triangle is formed by joining the points D(7, 3), E(8, 1), and...

Geometry
Q

What are the products of gametogenesis? A. Females- 1 egg ; Males- 2 sperm B. Females –...

Biology
Q

This goes without saying; the media plays a monumental role in shaping morals, values, and behaviors...

Psychology
Q

Magic Company adds materials at the beginning of the process in Department A. The following information...

Accounting
Q

Which of the following statements best supports the claim that certain organelles within eukaryotic cells...

Biology
Q

Use a calculator to approximate the following to 6 decimal places: csc 5212?07"

Basic Math
Q

For s x 2x 8x 5 3 a Identify the horizontal asymptotes if any b...

Calculus
Q

5 3 O 2 34 a The graph of a function y f x is...

Calculus
Q

Budgeted Income Statement and Supporting Budgets The budget director of Birds of a Feather Inc.,...

Accounting
Q

bloom inc issued bonds dated may 31 2020, on July 1, 2020 with a face...

Accounting
Q

please show in R program with codes 1. Question 1. The...

Finance
Q

Question 4 (5 Marks) 0.00%...

Finance