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HARRIS COMPANY Capitalization Costs Problem 18.01A week 5 assignment

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Question;HARRIS COMPANYCapitalization Costs1. Manufacturing Plant:Harris companyCost of manufacturing plant2. LandCost of land3. Land ImprovementsCost of land improvements$-Given Data P18.01AHARRIS COMPANYCost of site for new Manufacturing plant on January 6, 2013Cost to raze existing facilityFair market value of facility razedAmount received from salvage of facility razedAdditional costs:Attorney feesInspection feesPermit to raze facilityFill dirt for siteLeveling of sitePaving of sidewalks and curbsBuilding cost of new facilityCost of paving parking area$2,400,000$16,000$200,000$10,000$6,400$1,850$1,150$50,400$32,000$125,000$4,200,000$125,700Student Name:Class:Problem 18.02AILLINOIS COMPANYDepreciation CalculationsStraight-Line MethodYear123AcquisitionCostSalvageValueUseful Lifein YearsAnnualAccumulatedDepreciation DepreciationSum-of-the-Years'-Digits MethodYear123Cost LessSalvageFractionAnnualAccumulatedDepreciation DepreciationDouble-Declining-Balance MethodYear123BeginningBook ValueRateAnnualAccumulatedDepreciation DepreciationAnalyze: The book value at the end of the second year is:Given Data P18.02AILLINOIS COMPANYCost of new equipmentDate PurchasedUseful life in yearsSalvage value$550,000January 4, 20134$50,000Student Name:Class:Problem 18.03AHALL COMPANYDepreciation CalculationsStraight-Line MethodYear201320142015AcquisitionCostSalvageValueUseful Lifein YearsAnnualAccumulatedDepreciation DepreciationSum-of-the-Years'-Digits MethodYear201320142015AcquisitionCostSalvageValueTotal ExpectedActualUnits ofUnits ofProductionProductionCostper UnitAnnualAccumulatedDepreciation DepreciationGiven Data P18.03AHALL COMPANYCost of new equipmentDate PurchasedUseful life in yearsUseful life in units of productionSalvage valueActual production data:2013 units produced2014 units produced2015 units produced$260,000January 5, 20135200,000$20,00040,00056,00046,000

 

Paper#43755 | Written in 18-Jul-2015

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