P10-4 (lo1,4,6) groupwork (dispositions, including condemnation,

Uncategorized

P10-4 (LO1,4,6) GROUPWORK (Dispositions, Including Condemnation, Demolition, and Trade-In) Presented below is a schedule of property dispositions for Hollerith Co.

Schedule of Property Dispositions
	Cost	Accumulated Depreciation	Cash Proceeds	Fair Value	Nature of Disposition
Land	$40,000	—	$31,000	$31,000	Condemnation
Building	15,000	—	3,600	—	Demolition
Warehouse	70,000	$16,000	74,000	74,000	Destruction by fire
Machine	8,000	2,800	900	7,200	Trade-in
Furniture	10,000	7,850	—	3,100	Contribution
Automobile	9,000	3,460	2,960	2,960	Sale

The following additional information is available.

Land: On February 15, a condemnation award was received as consideration for unimproved land held primarily as an investment, and on March 31, another parcel of unimproved land to be held as an investment was purchased at a cost of $35,000.

Building: On April 2, land and building were purchased at a total cost of $75,000, of which 20% was allocated to the building on the corporate books. The real estate was acquired with the intention of demolishing the building, and this was accomplished during the month of November. Cash proceeds received in November represent the net proceeds from demolition of the building.

Warehouse: On June 30, the warehouse was destroyed by fire. The warehouse was purchased January 2, 2014, and had depreciated $16,000. On December 27, the insurance proceeds and other funds were used to purchase a replacement warehouse at a cost of $90,000.

Machine: On December 26, the machine was exchanged for another machine having a fair value of $6,300 and cash of $900 was received. (The exchange lacks commercial substance.)

Furniture: On August 15, furniture was contributed to a qualified charitable organization. No other contributions were made or pledged during the year.

Automobile: On November 3, the automobile was sold to Jared Winger, a stockholder.

Instructions

Indicate how these items would be reported on the income statement of Hollerith Co.

P10-6 (LO1,3) (Interest During Construction) Grieg Landscaping began construction of a new plant on December 1, 2017. On this date, the company purchased a parcel of land for $139,000 in cash. In addition, it paid $2,000 in surveying costs and $4,000 for a title insurance policy. An old dwelling on the premises was demolished at a cost of $3,000, with $1,000 being received from the sale of materials.

Architectural plans were also formalized on December 1, 2017, when the architect was paid $30,000. The necessary building permits costing $3,000 were obtained from the city and paid for on December 1 as well. The excavation work began during the first week in December with payments made to the contractor in 2018 as follows.

Date of Payment	Amount of Payment
March 1	$240,000
May 1	330,000
July 1	60,000

The building was completed on July 1, 2018.

To finance construction of this plant, Grieg borrowed $600,000 from the bank on December 1, 2017. Grieg had no other borrowings. The $600,000 was a 10-year loan bearing interest at 8%.

Instructions

Compute the balance in each of the following accounts at December 31, 2017, and December 31, 2018. (Round amounts to the nearest dollar.)

(a)Land.

(b)Buildings.

(c)Interest Expense.

Continue to order Get a quote

July 1, 2023

PMG654 – Portfolio Management

Final Assignment: Portfolio Presentation

Due Date: 11:59 pm EST, Wednesday of Unit 8

Points: 100

Overview:

This assignment is the final one for this course. Provide a presentation overview for

your course Project Portfolio.

Instructions:

• Use the outline you developed in the Unit 3 Assignment: Portfolio Management

Planning, updated based on review feedback, as your outline for this

presentation.

• Include the overview of your Project Portfolio from the Unit 3 Assignment.

• This assignment should demonstrate your knowledge and understanding of the

best practices for PPM.

Requirements:

• There is no slide count requirement (minimum or maximum) and no requirement

on how long to speak for each slide.

• This presentation must be in MS PowerPoint and must include audio for each

slide as if you were presenting this Portfolio to the applicable organization’s

senior management.

o Please see MS PowerPoint Help or Tutorials, which you may find on the

Microsoft website, for assistance with how to record audio for

PowerPoint slides. You may also find helpful videos on YouTube.

Be sure to read the criteria by which your work will be evaluated before you write
and again after you write.

Evaluation Rubric for Portfolio Presentation Assignment

CRITERIA Deficient Needs
Improvement

Proficient Exemplary

0-11 points 12-15 points 16-19 points 20 points

Proper use of
terms and
concepts from
the course

Terms and
concepts from
the course are
missing or
inadequate.

Terms and
concepts from
the course are
minimally used
or are
improperly used.

Terms and
concepts from
the course are
properly used.

Exceptional
use of terms
and concepts
from the
course.

Summary of
your Project
Portfolio

Project
Portfolio
Summary is
missing or
inadequate.

Project Portfolio
Summary needs
improvement.

Project
Portfolio
Summary is
adequately
provided.

Project
Portfolio
Summary is
exemplary.

0-17 points 18-23 points 24-29 points 30 points

Portfolio
Management
Plan overview
based on
PMBOK Guide
areas which
should be
included in
this plan

Project
Portfolio
Management
Plan is missing
or inadequate.

Project Portfolio
Management
Plan needs
improvement.

Project
Portfolio
Management
Plan is
adequately
provided.

Project
Portfolio
Management
Plan is
exemplary.

0-5 points 6-7 points 8-9 points 10 points

Resources No resources. 1 resource
beyond course
readings.

2 resources
beyond course
readings.

More than 2
resources
beyond course
readings.

0-11 points 12-15 points 16-19 points 20 points

Clear and
Professional
Writing,
Presentation
and APA
Format

Writing, slide
presentation
(visual and
audio) and
format are not
clear. Errors
impede
professional
presentation;
guidelines not
followed.

Writing, slide
presentation
(visual and
audio) and
format are
somewhat clear.
Significant errors
that may impede
professional
presentation.

Writing, slide
presentation
(visual and
audio) and
format are
clear. Few
errors that do
not impede
professional
presentation.

Writing, slide
presentation
(visual and
audio) and
format are
clear,
professional,
APA compliant,
and error free.

Post University’s courses contain copyrighted resources created by the University, licensed from various third

parties, or unless otherwise noted. In compliance with U.S. Copyright Law, these resources may not be

reproduced, revised, or distributed without the written permission of Post University. Students found to be in

violation of this policy are subject to civil and criminal liabilities associated with the Federal Copyright Act and

risk dismissal from the university under the Academic Dishonesty policy. Unless otherwise noted, access to

these materials is limited to the duration of the course. Students should contact the library ([email protected])

for information on which resources can be printed.