A Company Purchases a Remote Site Building for Computer Operations

question 101

Multiple Choice

A company purchases a remote site building for computer operations. The building will be suitable for operations after some expenditures. The wiring must be replaced to computer specifications. The roof is leaky and must be replaced. All rooms must be repainted and recarpeted and there will also be some plumbing work done. Which of the following statements is true?

• A) The cost of the building will not include the repainting and recarpeting costs.
• B) The cost of the building will include the cost of replacing the roof.
• C) The cost of the building is the purchase price of the building while the additional expenditures are all capitalized as Building Improvements.
• D) The wiring is part of the computer costs not the building cost.

Develop time management and organization skills for academic success.

Recognize the need for setting long-term and short-term goals for academic success.

Understand the concept of contractual capacity and its implications for minors and mentally incapacitated individuals.

Recognize the enforceability of exculpatory clauses and noncompete agreements and their limitations.

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Definitions:

Meaningfulness

The significance, purpose, or value that an individual associates with a task, idea, or life experience, contributing to personal fulfillment and motivation.

Attention-getting

Behaviors or actions designed to attract notice or focus from others.

Infantile Amnesia

The lack of memory for experiences that occurred prior to three years of age.

Months

Units of time in calendars that constitute approximately one-twelfth of a year.