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Where can you find the answers to mcgraw hill connect accounting?
Wiki User
∙ 11y ago
Fisk Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $231,000 for the lot plus $126,000 for the old building. The company pays $40,400 to tear down the old building and $59,722 to fill and level the lot. It also pays a total of $1,886,618 in construction costs-this amount consists of $1,774,600 for the new building and $112,018 for lighting and paving a parking area next to the building
Wiki User
∙ 11y ago
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The answers for the McGraw hill connect can be found online. Keep in mind however, that depreciation over eight years is on the straight line model with no salvage market.
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