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Parry Co.purchased land as a factory site for $500,000.Parry paid $20,000 to tear down two buildings on the land.Salvage was sold for $2,700.Legal fees of $1,740 were paid for title investigation and making the purchase.Architect's fees were $20,600.Title insurance cost
$1,200, and liability insurance during construction cost $1,300.Excavation cost $5,220.The contractor was paid $1,200,000.An assessment made by the city for pavement was $3,200.Interest costs during construction were $85,000.
-The cost of the building that should be recorded by Parry Co.is
Indirect Activity
Activities that support the production process but do not directly contribute to the final product or service.
Human Resources
The department within an organization dealing with the recruitment, administration, and training of employees, as well as other personnel-related activities.
Value Chain
A series of activities and processes that a company performs to bring a product or service from conception to delivery to the end consumer, adding value at each step.
New Product Development
The process of bringing a new product or service to the market, from idea generation to commercialization.
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