Question
Estimate replacement cost new given the following information. Gross building area = 30,000 sqft Height =...
Estimate replacement cost new given the following information.
Gross building area = 30,000 sqft
Height = 3 stories
Base Building Cost = $31/sqft
Air filtration system = $15/sqft
Height multiplier = 2.2
Elevator = $65,000
Homework Answers
Answer #1
1)Based on the given information ,let us consider the building as Ground floor + 2 Floors of equal area in each floor
i.e., Ground Floor =10000 sft
First Floor = 10000 sft
Second floor = 10000 sft
Estimation can be calculated as follows
Total Estimated Amount =$2549000
Not the answer you're looking for?
Similar Questions
The following information will be used for two questions on the exam: On January 1, 2020...
The following information will be used for two questions on the
exam:
On January 1, 2020 Navani Corp. decided to replace the HVAC
system in its manufacturing plant because the old HVAC system was
no longer adequate. The building was originally purchased for
$5,000,000 on January 1, 2010 and has been depreciated using the
straight-line method over an estimated 20-year life with zero
estimated salvage value. The book value of the old HVAC system is
unknown and the new HVAC...
1. Based upon the following data, estimate the cost of ending inventory using the gross profit...
1. Based upon the following data, estimate the cost of ending
inventory using the gross profit method.
Sales
$882,000
Estimated gross profit rate
32%
Beginning inventory
$75,700
Purchases (net)
794,000
Merchandise available for sale
$869,700
2.
Multiple-Step Income Statement
On March 31, 20Y9, the balances of the accounts appearing in the
ledger of Royal Furnishings Company, a furniture store, are as
follows:
Accounts Receivable
$170,000
Inventory
$1,019,950
Accumulated Depreciation—Building
762,600
Notes Payable
273,300
Administrative Expenses
559,700
Office Supplies
19,950
Building...
you are given the following information for replacement project for machines.each machine currently in use has...
you are given the following information for replacement project
for machines.each machine currently in use has book value of $1
million and would continue to be depreciate in straight line basis
value of over 5 next years.the plant engineer estimate that the old
machines could be us as many as 10 more years. the purchase price
for the new machine is $5 million apiece,which would be depreciate
over a 10 years period on a straight line basis to a net...
Problem 19-3 Performance Ratios (LO3, CFA6) You are given the following information for Smashville, Inc. Cost...
Problem 19-3 Performance Ratios (LO3, CFA6)
You are given the following information for Smashville, Inc.
Cost of goods sold:
$154,000
Investment income:
$1,800
Net sales:
$287,000
Operating expense:
$38,000
Interest expense:
$7,400
Dividends:
$13,000
Tax rate:
21
%
Current liabilities:
$20,000
Cash:
$21,000
Long-term debt:
$30,000
Other assets:
$42,000
Fixed assets:
$123,000
Other liabilities:
$5,000
Investments:
$38,000
Operating assets:
$35,000
Calculate the gross margin, the operating margin, return on
assets, and return on equity. (Do not round intermediate
calculations....
Required information Problem 6-2A Calculate ending inventory, cost of goods sold, sales revenue, and gross profit...
Required information
Problem 6-2A Calculate ending inventory, cost of goods sold,
sales revenue, and gross profit for four inventory methods (LO6-3,
6-4, 6-5)
[The following information applies to the questions
displayed below.]
Greg’s Bicycle Shop has the following transactions related to its
top-selling Mongoose mountain bike for the month of March.
Greg's Bicycle Shop uses a periodic inventory system.
Date
Transactions
Units
Unit
Cost
Total Cost
March
1
Beginning inventory
20
$
250
$
5,000
March
5
Sale ($400
each)...
Problem 2 Input values Solve the given problem based on the following information. Company name Conglomco...
Problem 2
Input values
Solve the given problem based on the following
information.
Company name
Conglomco
Scenario Table 1
Conglomco Income Statement Under Absorption
Costing
Conglomco Income Statement Under Absorption
Costing
2011 ($)
2012 ($)
2011 ($)
2012 ($)
Sales ($45 per unit)
900,000
1,800,000
Sales ($45 per unit)
900,000
1,800,000
Cost of goods sold ($31 per unit)
620,000
1,240,000
Cost of goods sold ($31 per unit)
620,000
1,240,000
Gross margin
280,000
560,000
Gross margin
280,000...
1. The Hunter Company uses the high-low method to estimate the cost function. Year-to-date information for...
1. The Hunter Company uses the high-low method to estimate the
cost function. Year-to-date information for 2020 is provided below:
Machine-hours Labor Costs January 400 $10,000 February 280 $ 6,800
March 380 $10,050 April 250 $ 7,300 May 320 $ 9,525 What can Hunter
expect the total cost to be when 300 machine-hours are used? Group
of answer choices $9,406.25 $7,450.00 $8,200.00 $7,233.33
2. Southwestern Company needs 1,000 motors in its manufacture of
automobiles. It can buy the motors from...
The following information applies to the questions displayed below.] Back in Boston, Steve has been busy...
The following information applies to the questions displayed
below.]
Back in Boston, Steve has been busy creating and managing his
new company, Teton Mountaineering (TM), which is based out of a
small town in Wyoming. In the process of doing so, TM has acquired
various types of assets. Below is a list of assets acquired during
2016: Exhibit 10-8 (Use MACRS Table 1, Table 2, Table 3, Table 4
and Table 5.) (Round intermediate calculations and final
answer to the...
Use the following information for questions 12-18. For the purpose of this question, the current date...
Use the following information for questions 12-18.
For the purpose of this question, the current date
is Dec 31st, 2014.DownScale, Inc
is a diet marketing company which sells books, supplements, and
diet foods. It has after-tax earnings in 2014 of $200M or $4.00
earnings per share (50m shares outstanding), and a tax rate of 30%.
It also has $500M in debt on which it pays $25M in interest
annually. Dividends of $1.30 per share were paid on December 30,
2014....
Tax Preparation Problem Use the following information to complete Phillip and Claire Dunphy’s 2016 federal income...
Tax Preparation Problem
Use the following information to complete Phillip and Claire
Dunphy’s
2016 federal income tax return. If information is missing, use
reasonable assumptions to fill in the gaps. Ignore the alternative
minimum tax for this problem.
Any required forms, schedules, and instructions can be found at
the IRS website (www.irs.gov). The instructions
can be helpful in completing the forms.
Facts:
Phillip and Claire are married and file a joint return. Phillip
is self-employed as a real estate agent,...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 11 minutes ago
asked 16 minutes ago
asked 22 minutes ago
asked 25 minutes ago
asked 48 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago