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purchase of equipment with zero-interest-bearing debt sterling inc has decided to purchase equipment from central
entries for acquisition of assets presented below are information related to rommel company1 on july 6 rommel company
entries for asset acquisition including self-construction below are transactions related to impala companya the city of
entries for equipment acquisitions chopin engineering corporation purchased conveyor equipment with a list price of
capitalization of interest the following three situations involve the capitalization of interestsituation ion january 1
capitalization of interest on july 31 2010 bismarck company engaged duval tooling company to construct a
capitalization of interest on december 31 2009 hurston inc borrowed 3000000 at 12 payable annually to finance the
capitalization of interest mcpherson furniture company started construction of a combination office and warehouse
correction of improper cost entries plant acquisitions for selected companies are presented below1 natchez industries
treatment of various costs allegro supply company a newly formed corporation incurred the following expenditures
purchase and self-constructed cost of assets dane co both purchases and constructs various equipment it uses in its
acquisition costs of trucks shabbona corporation operates a retail computer store to improve delivery services to
1 acquisition costs of realty pollachek co purchased land as a factory site for 450000 the process of tearing down two
1 acquisition costs of realty the expenditures and receipts below and on the next page are related to land land
1 use the information presented for ottawa corporation in be10-14 but assumes the machinery is sold for 5200 instead of
1 ottawa corporation owns machinery that cost 20000 when purchased on july 1 2007 depreciation has been recorded at a
1 slaton corporation traded a used truck for a new truck the used truck cost 20000 and has accumulated depreciation of
1 cheng company traded a used truck for a new truck the used truck cost 30000 and has accumulated depreciation of 27000
1 mehta company traded a used welding machine cost 9000 accumulated depreciation 3000 for office equipment with an
1 use the information for navajo corporation from be10-8 prepare the journal entry to record the exchange assuming the
1 navajo corporation traded a used truck cost 20000 accumulated depreciation 18000 for a small computer worth 3300
1 fielder company obtained land by issuing 2000 shares of its 10 par value common stock the land was recently appraised
1 mohave inc purchased land building and equipment from laguna corporation for a cash payment of 315000 the estimated
1 garcia corporation purchased a truck by issuing an 80000 4-year zero interest-bearing notes to equinox inc the market
1 hanson company see be10-2 borrowed 1000000 on march 1 on a 5-year 12 note to help finance construction of the