Problem 10 1a Plant Asset Costs Depreciation Methods Lo C1 P1

Solved Problem 10 1a Plant Asset Costs Depreciation Met Problem 10 1a plant asset costs; depreciation methods lo c1, p1. timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $810,000 for a building, land, land improvements, and four vehicles. Problem 10 1a (algo) plant asset costs; depreciation methods lo c1, p1 [the following information applies to the questions displayed below) timberly construction makes a lump sum purchase of several assets on january 1 at a total cash price of $850,000. the estimated market values of the purchased assets are building. $524700; land, $326,700, land.

Required Information Problem 10 1a Plant Asset Costs Deprecia Problem 10 1a plant asset costs; depreciation methods c1 p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. Problem 10 1a plant asset costs; depreciation methods lo c1, p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $840,000 for a building, land, land improvements, and four vehicles. Problem 10 1a plant asset costs; depreciation methods lo c1, p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2015, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. Problem 10­1a plant asset costs; depreciation methods lo c1 , p1 learning objective 10­p1 compute and record depreciation using the straight­line , units­of­production , and declining­balance methods . 11 26 2016 assignment print view http ezto . mheducation . com hm accounting . tpx todo=printviewsingle 1 6 score 14.39 15 points 95.93.

Solved Problem 10 1a Plant Asset Costs Depreciation Met Problem 10 1a plant asset costs; depreciation methods lo c1, p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2015, at a total cash price of $900,000 for a building, land, land improvements, and four vehicles. Problem 10­1a plant asset costs; depreciation methods lo c1 , p1 learning objective 10­p1 compute and record depreciation using the straight­line , units­of­production , and declining­balance methods . 11 26 2016 assignment print view http ezto . mheducation . com hm accounting . tpx todo=printviewsingle 1 6 score 14.39 15 points 95.93. Problem 10 1a required 1. allocate the lump sum purchase price to the separate assets purchased. prepare the journal entry to depreciation methods rocord the purchase. 2. compute the first year depreciation expense on the building using the straight line method, assuming check 28530000 a 15 year life and a $27,000 salvage value. 3. Problem 8 1a plant asset costs; depreciation methods lo c1, p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $840,000 for a building, land, land improvements, and four vehicles.

Solved Problem 10 1a Plant Asset Costs Depreciation Met Problem 10 1a required 1. allocate the lump sum purchase price to the separate assets purchased. prepare the journal entry to depreciation methods rocord the purchase. 2. compute the first year depreciation expense on the building using the straight line method, assuming check 28530000 a 15 year life and a $27,000 salvage value. 3. Problem 8 1a plant asset costs; depreciation methods lo c1, p1 timberly construction negotiates a lump sum purchase of several assets from a company that is going out of business. the purchase is completed on january 1, 2017, at a total cash price of $840,000 for a building, land, land improvements, and four vehicles.