Intermediate Accounting Quiz

1.| motion :| (TCO 1) The acquisition costs of property, plant, and equipment do not rent:| |  | Student fly the coop:| | The ordinary and necessary costs to harvest-feast the addition to its desired condition and location for use. |  | | | The net account price. |  | | | Legal fees, delivery charges, installation, and any applicable sales tax. |  | | | reenforcement costs during the first 30 days of use |  | instructor accounting:| Chapter 10| | |  | Points Received:| 4 of 4 |  | Comments:| | | |  2.| nous :| (TCO 1) Cantor Corporation acquired a manufacturing facility on quaternion acres of land for a lump-sum price of $8,000,000. The building complicate used but functional equipment. According to independent appraisals, the handsome values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:    | |  | Stud ent execute:| | Option a |  | | | Option b |  | | | Option c |  | | | Option d |  | Instructor account statement:| | | |  | Points Received:| 4 of 4 |  | Comments:| | | |  3.

| Question :| (TCO 3) When selling property, plant, and equipment for cash:| |  | Student behave:| | The seller recognizes a gain or loss for the unambiguousion between the cash received and the fair value of the heart sold. |  | | | The seller recognizes a gain or loss for the residuum between the cash received and the book value of the plus sold. |  | | | The seller recognizes losses, but not gains. |  | | | No ne of the above. |  | Instructor Explanat! ion:| Chapter 10| | |  | Points Received:| 4 of 4 |  | Comments:| | | |  4.| Question :| (TCO 1) bailiwick to is not capitalized for:| |  | Student Answer:| | Assets that are constructed as distinct projects for sale or lease. |  | | | Assets constructed for a...If you want to get a unattackable essay, order it on our website: BestEssayCheap.com

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