题目内容

Which of the following should be included in the cost of land improvements?

A.fencing
B.sprinkler system for bushes and lawn
C.lighted signs
D.all of the above

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Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment are $300,000, $600,000 and $300,000, respectively. What is the cost assigned to the equipment?

A.$200,000
B.$250,000
C.$300,000
D.$333,333

Jimmy Company leased a delivery van for payments of $10,000 per year for three years. Jimmy Company also paid $1,200 for new larger windows in the van. Jimmy Company also spent $4,300 for special storage racks for the van. What do Leasehold Improvements equal?

A.$0.
B.$1,200.
C.$4,300.
D.$5,500.

HarringtonCorp.purchasedatractofland,asmallofficebuilding,andsomeequipmentfor$1,500,000.Theappraisedvalueofthelandwas$850,000,thebuilding$675,000,andtheequipment$475,000.Whatisthecostoftheland?

A. $481,667
B. $637,500
C. $850,000
D. $936,000

Acompanyboughtanewmachinefor$17,000onJanuary1.Themachineisexpectedtolast4yearsandhavearesidualvalueof$2,000.Ifthecompanyusesthedouble-declining-balancemethod,accumulateddepreciationattheendofyear2willbe:

A. $10,880
B. $11,250
C. $12,750
D. $15,000

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