Multiple Choice
Aber Company buys land for $145,000 on 12/31/13. As of 3/31/14, the land has appreciated in value to $152,000. On 12/31/14, the land has an appraised value of $155,400. By what amount should the Land account be increased in 2014?
A) $0.
B) $7,000.
C) $3,400.
D) $10,400.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: In 2014, Blanchard Corporation has plant equipment
Q4: Dobler Company purchased factory equipment with an
Q6: A machine was purchased for $54,000 and
Q10: Under U.S. GAAP<br>A) property, plant, and equipment
Q11: Identify the following expenditures as capital expenditures
Q12: A company purchased office equipment for $30,000
Q13: Railsback Company purchased a machine on January
Q72: Interest may be included in the acquisition
Q96: The return on assets ratio indicates how
Q296: Under the double-declining-balance method the depreciation rate