Cottrell incurred the following costs related to its office building. You can assume all costs were paid in cash. (You d
Posted: Wed Mar 09, 2022 8:18 am
Cottrell incurred the following costs related to its office
building. You can assume all costs were paid in cash. (You do not
need to record any depreciation related to the office building.)
Installed a second air conditioner because it was determined
that one air conditioning unit could not sufficiently cool the
building, $7,000.
Repaired and painted wall damage, $800.
Replaced the building roof which was estimated to have a
remaining life of less than 5 years, $37,000. The new metal roof
should last a minimum of 25 years.
Paid property taxes, $9,000.
building. You can assume all costs were paid in cash. (You do not
need to record any depreciation related to the office building.)
Installed a second air conditioner because it was determined
that one air conditioning unit could not sufficiently cool the
building, $7,000.
Repaired and painted wall damage, $800.
Replaced the building roof which was estimated to have a
remaining life of less than 5 years, $37,000. The new metal roof
should last a minimum of 25 years.
Paid property taxes, $9,000.