Barton Resort Incurred the Following Costs to Acquire and Prepare

question 141

Multiple Choice

Barton Resort incurred the following costs to acquire and prepare land during 2015 for a new parking lot: purchase price for land, $800,000; cost to clear the land, $30,000; cost of paving, $40,000; and lighting for the parking lot, $20,000.How much should Barton record in the Land Improvements account?

• A)$30,000
• B)$40,000
• C)$60,000
• D)$90,000

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Definitions:

Employee Motivation

The amount of enthusiasm, dedication, and innovation employees contribute to their roles in a corporation.

Herzberg

Refers to the two-factor theory by Frederick Herzberg, which posits that certain factors in the workplace result in job satisfaction, while others lead to dissatisfaction, hence differentiating between 'motivators' and 'hygiene factors'.

Taylor's Scientific

Refers to Taylor's Scientific Management Theory, emphasizing efficiency and productivity through the analysis and optimization of workflow.

Herzberg's Two-factor

A theory that suggests there are certain factors in the workplace that cause job satisfaction, while a separate set of factors cause dissatisfaction.