On march 1, 2019, wildhorse co. acquired real estate on which it planned to construct a small office building. the company paid $84,000 in cash. an old warehouse on the property was razed at a cost of $8,800; the salvaged materials were sold for $1,600. additional expenditures before construction began included $1,600 attorney’s fee for work concerning the land purchase, $4,400 real estate broker’s fee, $8,000 architect’s fee, and $13,400 to put in driveways and a parking lot. (a) determine the amount to be reported as the cost of the land.

Acrosswalk_when there are no pavement markings.

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?