In year 2, Kilroy Company purchased land for a new office building at a purchase price of $325,000. There was an existing building on the site that was demolished at a cost of $12,000. Scrap from the demolition was sold for $3,500. The building was completed during year 2. In addition, the following costs were incurred: Professional Fees: Attorneys for the purchase contract $ 7,500 Engineers to determine the required grading $ 18,000 Architects to design new building $ 40,000 Building permits $ 8,000 Construction of new building $ 1,275,000 In Kilroy’s December 31, year 2, financial statements, how will the above costs be reported? Land Building Expense a. $ 341,000 $ 1,323,000 $ 0 b. $ 351,500 $ 1,315,000 $ 15,500 c. $ 359,000 $ 1,323,000 $ 0 d. $ 333,500 $ 1,275,000 $ 73,500

Correct option is C

Explanation:

Cost of Land:-

Purchase Cost = $325000

Demolition Cost = $12000

Cost of Attorneys for the Purchase Contract = $7500

Grading Cost= $18000

Less:- Scrape Sold = $3500

Total Cost of Land= $359000

Cost of Building:-

Cost of Architect Design= $40000

Cost of Building Permits= $8000

Cost of Construction of Building= $1275000

Total Cost of Building=  $1323000

There is no Cost that will be reported as expenses as all the cost need to be capitalised.

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

prokaryotic cells do not contain a nucleus or any other membrane-bound organelle. eukaryotic cells contain membrane-bound organelles, including a nucleus. so i belive the answer is a : p hope it