Question

Current Attempt in Progress Pina Colada Company purchased land for $114000 with the intention of constructing a new operating facility. The land purchase included a dilapidated building that was removed at a cost of $15000. The only salvage value from this old building was some materials that were sold for proceeds of $3500. Pina Colada had paid surveying costs of $1500 and legal fees related to land transfer of $6000. The new building was quickly constructed at a total cost of $421000. Permits on the construction of this new facility totalled $17000. Insurance premiums of $8500 are paid annually. The production manager is currently on-site facilitating the production start-up. This manager has an annual salary of $84000. What capital cost is assigned to the new building? ? $438000 ? $446500 ? $530500 ? $448000

          Current Attempt in Progress
Pina Colada Company purchased land for $114000 with the intention of constructing a new operating facility. The land purchase
included a dilapidated building that was removed at a cost of $15000. The only salvage value from this old building was some materials
that were sold for proceeds of $3500. Pina Colada had paid surveying costs of $1500 and legal fees related to land transfer of $6000.
The new building was quickly constructed at a total cost of $421000. Permits on the construction of this new facility totalled $17000.
Insurance premiums of $8500 are paid annually. The production manager is currently on-site facilitating the production start-up. This
manager has an annual salary of $84000. What capital cost is assigned to the new building?
? $438000
? $446500
? $530500
? $448000

Current Attempt in Progress
Pina Colada Company purchased land for 114000 with the intention of constructing a new operating facility. The land purchase
included a dilapidated building that was removed at a cost of15000. The only salvage value from this old building was some materials
that were sold for proceeds of 3500. Pina Colada had paid surveying costs of1500 and legal fees related to land transfer of 6000.
The new building was quickly constructed at a total cost of421000. Permits on the construction of this new facility totalled 17000.
Insurance premiums of8500 are paid annually. The production manager is currently on-site facilitating the production start-up. This
manager has an annual salary of 84000. What capital cost is assigned to the new building?
?438000
? 446500
?530500
? 448000

Added by Shannon H.

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