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    Tugas Akuntansi Keuangan II E10.1, E 10.25

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    Dea Gheby Yolanda
    The document lists acquisition costs for a new property including: - €275,000 borrowed to pay a building contractor - €250,000 spent to purchase land and an existing building on the property - Various other costs totaling €386,000 such as demolition of the existing building, construction of the new building, landscaping, and installation of parking lots and driveways.

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    Tugas Akuntansi Keuangan II E10.1, E 10.25

    Uploaded by

    Dea Gheby Yolanda
    197 views2 pages
    The document lists acquisition costs for a new property including: - €275,000 borrowed to pay a building contractor - €250,000 spent to purchase land and an existing building on the property - Various other costs totaling €386,000 such as demolition of the existing building, construction of the new building, landscaping, and installation of parking lots and driveways.

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    The document lists acquisition costs for a new property including: - €275,000 borrowed to pay a building contractor - €250,000 spent to purchase land and an existing building on the property - Various other costs totaling €386,000 such as demolition of the existing building, construction of the new building, landscaping, and installation of parking lots and driveways.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    197 views2 pages

    Tugas Akuntansi Keuangan II E10.1, E 10.25

    Uploaded by

    Dea Gheby Yolanda
    The document lists acquisition costs for a new property including: - €275,000 borrowed to pay a building contractor - €250,000 spent to purchase land and an existing building on the property - Various other costs totaling €386,000 such as demolition of the existing building, construction of the new building, landscaping, and installation of parking lots and driveways.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    E10.

    1 (LO2) (Acquisition costs of reality)

    a. Money borrowed to pay building contractor (signed a note) € (275,000)


    b. Payment for construction from note proceeds 275,000
    c. Cost of land fill and clearing 10,000
    d. Delinquent real estate taxes on property assumed by purchaser 7,000
    e. Premium on 6-month insurance policy during construction 6,000
    f. Refund of 1-month insuranace premium because construction completed early (1,000)
    g. Architect's fee on building 25,000
    h. Cost of real estate purchased as a plant site (land $200,000 and building $50,000) 250,000
    i. Commision fee paid to real estate agency 9,000
    j. Installation of fences around property 4,000
    k. Cost of razing and removing building 11,000
    l. Proceeds from residual value of demolished building (5,000)
    m Interest paid during construction on money borrowed for construction 13,000
    .
    n. Cost of parking lots and driveaways 19,000
    o. Cost of trees and shrubbery planted (permanent in nature) 14,000
    p. Excavation costs for new building 3,000

    Identify each item by letter and list the items in columnar form, using the headings shown below. All
    receipt amounts should be reported in parentheses. For any amounts entered in the Other Accounts
    column, also indicate the account title.

    Item Land Land Improvements Buildings Other Accounts


    a. (€ 275,000) Notes Payable
    b. 275,000
    c. 10,000
    d. 7,000
    e. 6,000
    f. (1,000)
    g. 25,000
    h. 250,000
    i. 9,000
    j. 4,000
    k. 11,000
    l. (5,000)
    m. 13,000
    n. 19,000
    o. 14,000
    p. 3,000

    E10.25 (LO4) (Analysis of Subsequent Expenditures)

    a) Capitalised Improvement
    b) Expenses Replacement of a minor broken part on a machine
    c) Capitalised Expenditure that increases the useful life of an existing asset
    d) Capitalised Expenditure that increases the efficiency and effectiveness of a productive asset but
    does not increase its salvage value
    e) Capitalised Expenditure that increases the efficiency and effectiveness of a prodictive asset and
    increases the asset’s salvage value
    f) Capitalised Expenditure that increases the quality of the output of the productive asset
    g) Capitalised Improvement to a machine that increased its fair market value and its production
    capacity by 30% without extending the machine’s useful life
    h) Expenses Ordinary repairs

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