ADM 1340 Study Guide - Final Guide: Scottie Pippen, Operating Expense, Current Asset

• School: University of Ottawa
• Department: Administration
• Course: ADM 1340
• Professor: Liu Chen

Document Summary

A company purchased land for ,000 cash; ,000 was spent to demolish an old building on the land before construction of a new building could start; and ,500 was received for material salvaged from the old building. The clinic has the land graded for ,000. Cordelia will record the cost of the land as (a) ,000. (b) ,120. (c) ,880. (d) ,880: mercy general hospital installs a new parking lot. The paving cost ,000 and the lights to illuminate the new parking lot cost ,000. The building will be suitable for operations after some necessary expenditures. The wiring must be replaced to handle the computer specifications. The roof is leaking and must be replaced. All rooms must be repainted and re-carpeted and there will also be some updating of the plumbing needed. The company logo is painted on the side of the truck for ,800.