ACCO 4400 7

GIVEN data for a real property: Value Description Amount P1,000,000 25% of market value Market Value Assessment level The local government unit imposes a real property tax of 2% In addition, the unit also imposes a 1% Special Education Fund (SEF) COMPUTE: Local tax in relation to the assessment of the real property. а. 5,000 b. 7,500 с. 20,000 d. 30,000

The total dollar amount of assets to be classified as investment is ?

Investment Property: Recognition: The following are being considered for classification under Investment Property by ABC Retailer Incorporated. Which should be included and what is correct balance for the account? a. Land held for undetermined use – P 4,000,000 b. Manufacturing plant – P 5,000,000 c. Vehicles rented out for additional income – P 3,000,000 d. Land plus building under construction to be rented out under an operating lease – P6,000,000 e. Investment Property, balance

What do i enter for the actual interest part

The following information is for Swifty Real Estate: SwiftyReal EstateBalance SheetDecember 31, 2020 Cash   $  25500   Accounts Payable     $  60500 Prepaid Insurance   29700   Salaries and Wages Payable     15100 Accounts Receivable   50600   Mortgage Payable     84500 Inventory   68600         Total Liabilities     160100 Land Held for Investment   83500           Land   120600           Buildings $98100                   Less Accumulated            Depreciation       Owner's Capital     366400 (19600) 78500           Trademark   69500         Total Liabilities and         Owner’s Equity       Total Assets   $526500       $526500 The total dollar amount of liabilities to be classified as current liabilities is $160100. $15100. $60500. $75600.

The following information is for Bridgeport Real Estate: Bridgeport Real Estate Balance Sheet December 31, 2020 Cash $ Accounts Payable $ 24800 59600 Prepaid Insurance 30200 Salaries and Wages Payable 15200 Accounts Receivable 49500 Mortgage Payable 85700 Inventory 70100 Total Liabilities 160500 Land Held for 85800 Investment Land 118400 Buildings 98500 Less Accumulated Owner's Capital 365300 Depreciation ( 78300 20200) Trademark 68700 Total Liabilities and Total Assets 24 Owner's Equity 24 525800 525800 The total dollar amount of assets to be classified as current assets is O $ 190300. O $174600. O$ 104500. O $ 260400.

please need help about this question

Closing Entries for the Operating Accounts?

How do I Figure out g and h? Please help

Ga

A building with an appraisal value of $132,577 is made available at an offer price of $159,843. The purchaser acquires the property for $35,884 in cash, a 90-day note payable for $24,556, and a mortgage amounting to $56,520, The cost of the building to be reported on the balance sheet is Oa. $123,959 Ob. S132577 Oc. S116960 Od, S159.843

Manji

A. Prepare CORIS RA Statement of Cash Flow for the year ended December 31, 2020

pls prepare journal entries for 2020 and 2021. Also, show solutions and explanations

to Cakulate the property the budgetary tax Rate required demands of the Community. Meet Note when Calculating budgetary demands always Round (Round answer to two decimal your places? Property Tax Rate Total taxes Percent Per 100 in $ Per 1,000 In $1 Community Total Assessed Ellingham Property Valuation Required $ 54,000,000 $2,900,000 ↑ 1 Mills

tion, a manufacturer of steel products, began operations on October 1, 2024. The accounting department of Kohlbeck has started the fixed-asset and depreciation schedule presented as follows. Kohlbeck Corporation Fixed-Asset and Depreciation Schedule For Fiscal Years Ended September 30, 2025, and September 30, 2026 Depreciation Expense Year Ended September 30 Estimated Assets Acquisition Date Cost Salvage Depreciation Method Life in Years 2025 2026 Land A October 1, 2024 $ (1) N/A* N/A N/A N/A N/A Building A October 1, 2024 (2) $40,000 Straight-line (3) $13,600 (4) Land B October 2, 2024 (5) N/A N/A N/A N/A N/A Building B Under Construction $320,000 Straight-line 30 (6) to date Donated October 2, 2024 (7) 3,000 150% 10 10 (8) (9) Equipment declining- balance Machinery A October 2, 2024 (10) 6,000 Sum-of-the- years-digits Machinery B October 1, 2025 (13) Straight-line 20 20 (11) (12) (14) *N/A Not applicable You have been asked to assist in completing this schedule. In addition to…

Please provide complete solutions. Thank you

Problem 1 The property, plant and equipment section of Radiohead Corporation's statement of financial position at December 31, 2019 included the following items: Land Land improvements Building Machinery and equipment P2,500,000 560,000 3,600,000 6,600,000 During 2020, the following date were available to you upon the analysis of the accounts: Cash paid on purchase of land Mortgage assumed on the land bought, including interest at 16% Realtor's commission Legal fees, realty taxes and documentation expenses Amount paid to relocate persons squatting on the property Cost of tearing down an old building on the land Amount recovered from the salvage of the building demolished Cost of fencing the property Amount paid to a contractor for the building erected Building permit fees Excavation expenses Architect's fee Interest that would have been earned had the money used during the period of construction been invested in the money market Invoice cost of machinery acquired Freight, unloading and…

23) Data collected about the comparable sales and the subject for the appraisal assignment is presented in the following table. What is the indicated value of the subject property? Gross Rent Rental A B C D Subject $10,000.00 $10,000.00 $23,400.00 $22,050.00 A) $198,000 B) $221,500 C) $201,500 D) $191,500 Cultivated Acres 200 150 250 130 160 Pasture Acres 0 100 100 250 100 Buildings no no house house / barns house / barns Sale Price $100,000.00 $100,000.00 $230,400.00 $220,500.00

2 Rodriguez Company pays $363,285 for real estate with land, land improvements, and a building Land is appraised at $193,500, land improvements are appraised at $86,000, and the building is appraised at $150,500. 1. Allocate the total cost among the three assets. 2. Prepare the journal entry to record the purchase. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Allocate the total cost among the three assets. Note: Round your "Apportioned Cost" answers to 2 decimal places. Land Land improvements Building Totals Appraised Value Percent of Total Appraised Value Total Cost of Acquisition Apportioned Cost 0% Required 1 S 0.00 Required 2 >

Hi I've attempted to use your method for calculated interest, but it is registered as incorrect as well. I've tried changing the period amounts...same results. Don't know what could be going wrong.

Exercise 5-18 (Algo) General Capital Assets (LO 5-2, 5-4] Prepare journal entries for each of the following transactions entered into by the City of Loveland. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) Fund / Governmental Activties Transaction General Journal Debit Credit 1. The city received a donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had an acquisition value of $4,300,000 and was recorded on the donor's books at a historical cost of $3,600,000. 1 General Fund Governmental Activities 2. The Public Works Department sold machinery with a historical cost of $34,200 and accumulated depreciation of $28,250 for $5,525. The machinery had originally been purchased with special revenue funds. 2 General Fund Governmental Activities 3. A car was leased for the mayor's use. The first payment…