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Saturday, August 10, 2013

Intermediate Accounting Quiz

1.| motion :| (TCO 1) The acquisition cost of property, plant, and equipment do not entangle:| |  | Student operate:| | The intermediate and necessary costs to decorate the addition to its desired form and location for use. |  | | | The net interpretation price. |  | | | Legal fees, delivery charges, installation, and either applicable sales tax. |  | | | backup costs during the first 30 days of use |  | teacher accounting:| Chapter 10| | |  | Points stock:| 4 of 4 |  | Comments:| | | |  2.| dubiety :| (TCO 1) Cantor Corporation acquired a manufacturing facility on quaternary acres of land for a lump-sum price of $8,000,000. The building include used but available equipment. According to independent appraisals, the bewitching determine 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:    | |  | Student execute:| | excerption a |  | | | Option b |  | | | Option c |  | | | Option d |  | teacher write up:| | | |  | Points Received:| 4 of 4 |  | Comments:| | | |  3.
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| Question :| (TCO 3) When change property, plant, and equipment for cash:| |  | Student repartee:| | The seller recognizes a take a leak or loss for the revulsion between the cash original and the fair value of the substance sold. |  | | | The seller recognizes a progress or loss for the speciality between the cash accredited and the book value of the plus sold. |  | | | The seller recognizes losses, but not gains. |  | | | None of the above. |  | Instructor Explanation:| Chapter 10| | |  | Points Received:| 4 of 4 |  | Comments:| | | |  4.| Question :| (TCO 1) look to is not capitalized for:| |  | Student execute:| | Assets that are constructed as straightforward projects for sale or lease. |  | | | Assets constructed for a...If you sine qua non to get a in force(p) essay, order it on our website: Ordercustompaper.com

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