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Buying Property Homepage
Reliable Buying Property Information
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Looking to purchase land in Central or Northern or the Pacific NW?
I am looking for land 2 5 acres in these areas. I would like any input from a Realtor can suggest how to go about this for no money down with a little or no credit. Thanks.
I want to purchase land using partial money (10-20%) as gift from father in law. What will be tax liabilities?
what will be procedure and tax liabilities on both?
Which banks give loan to purchase land?
which banks in india give loan to purchase land
I can't qualify for a mortgage, should I purchase land or some other type of collateral ?
I want to purchase a older home or townhouse under $50,000 but I don't have perfect or decent credit. My only other options is to lease something for a year, while I work on my credit rating. I would like to still invest in something preferable land or a cheaper home in another state. Help
Does anyone know where I can purchase land in Nassau County, NY?
I'm looking to build a home.....I just need about 1 acre. p
Can you purchase land from a country?
I'm just curious, because I think it'd be cool to start my own country. Is it possible to purchase land from a country? So you don't have to go through war in order to declare independence Please and thank you to anyone who helps D
I am leaving in UAE, I sent money to my father account to purchase land in my home town in Maharashtra India.?
How I can transfer this land on my name ?
Do realtors need your Social Security Number (SSN) when you purchase land form them?
I am about to buy land through a realtor online. After walking me through the steps of the buying owning process they said they would need my social security number on file. Is this normal? They said it was required by the IRS... True????
A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for?
A company purchased land for $90,000 cash. Real estate brokers' commission was $5,000 and $7,000 was spent for demolishing an old building on the land before construction of a new building could start. Under the cost principle, the cost of land would be recorded at $90,000. $95,000. $102,000. $97,000.The four subdivisions for plant assets are land, land improvements, buildings, and equipment. intangibles, land, buildings, and equipment. furnishings and fixtures, land, buildings, and equipment. property, plant, equipment, and land.Gagner Clinic purchases land for $130,000 cash. The clinic assumes $1,500 in property taxes due on the land. The title and attorney fees totaled $1,000. The clinic has the land graded for $2,200. What amount does Gagner Clinic record as the cost for the land? $134,700 $132,500 $132,200 $130,000Hull Company acquires land for $86,000 cash. Additional costs are as follows Removal of shed$300Filling and grading1,500Salvage value of lumber of shed120Broker commission1,130Paving of parking lot10,000Closing costs560Hull will record the acquisition cost of the land as $89,370. $87,690. $86,000. $89,610.Engler Company purchases a new delivery truck for $45,000. The sales taxes are $3,000. The logo of the company is painted on the side of the truck for $1,200. The truck license is $120. The truck undergoes safety testing for $220. What does Engler record as the cost of the new truck? $49,420 $47,420 $48,000 $49,540Interest may be included in the acquisition cost of a plant asset if the asset is purchased on credit. during the construction period of a self constructed asset. if the asset acquisition is financed by a long term note payable. if it is a part of a lump sum purchase.The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value. amount charged to expense in the current period. amount charged to expense since the acquisition of the plant asset. cash fund to be used to replace plant assets.All of the following are intangible assets except patents. goodwill. research and development costs. copyrights.A purchased patent has a legal life of 20 years. It should be expensed in the year of acquisition. not amortized. amortized over 20 years regardless of its useful life. amortized over its useful life if less than 20 years.The asset turnover ratio is computed by dividing net income by average total assets. net sales by average total assets. net income by ending total assets. net sales by ending total assets.The relationship between current liabilities and current assets is useful in evaluating a company's liquidity. called the matching principle. useful in determining the amount of a company's long term debt. useful in determining income.A current liability is a debt that can reasonably be expected to be paid out of currently recognized revenues. between 6 months and 18 months. out of cash currently on hand. within one year.Liabilities are classified on the balance sheet as current or accrued. unearned. deferred. long term.From a liquidity standpoint, it is more desirable for a company to have current liabilities exceed long term liabilities. liabilities exceed current assets. assets exceed current liabilities. assets equal current liabilities.The entry to record the issuance of an interest bearing note credits Notes Payable for the note's maturity value. market value. face value. cash realizable value.Admire County Bank agrees to lend Givens Brick Company $200,000 on January 1. Givens Brick Company signs a $200,000, 8 %, 9 month note. The entry made by Givens Brick Company on January 1 to record the proceeds and issuance of the note is Cash200,000 Interest Expense12,000 Notes Payable 212,000 Cash200,000 Interest Expense12,000 Notes Payable 200,000Interest Payable 12,000 Interest Expense12,000 Cash188,000 Notes Payable 200,000 Cash200,000 Notes Payable 200,000Admire County Bank agrees to lend Givens Brick Company $200,000 on January 1. Givens Brick Company signs a $200,000, 8 %, 9 month note. What entry will Givens Brick Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 30? Interest Expense12,000 Notes Payable200,000 Cash 212,000 Notes Payable200,000 Interest Payable12,000 Cash 212,000 Interest Payable8,000 Notes Payable200,000 Interest Expense4,000 Cash 212,000 Notes Payable212,000 Cash 212,000
In Hydbad, AP i purchased land of 242 sq yrds well, 3 yrs before closed with red soil. shall i construct home.?
pl reply qualified civil engineers or builders
Live in California purchased land in TX want to take my name off mortgage then quit claim to ex.?
Husband and I single when purchased in 2004, married 2008. Would he have to refinance to put in his name only?
Sun corporation purchased land adjacent to its plant to improve access for trucks making deliveries.?
Sun corporation purchased land adjacent to its plant to improve access for trucks making deliveries. Expenditures incurred in purchasing the land were as follows purchase price, $50,000 brokers fees $6,000 title search and other fees $5,000 demolition of an old building on the property, $5,700 grading $1,200 digging foundation for the road $3,000 laying and paving driveway, $25,000 lighting $7,500 signs $1,500. list the items and amounts that should be included in the land account
Tax implication on selling of home built on a purchased land.?
My husband bought one land approximately 10 years ago. The land was purchased in my name. After that we built a home in that land usisng our savings, personal loans etc. Being a house wife I don't have any income. After that we are planning to sell that house. What tax implecations do we have? As the total cost of acquisition is not calculated as we put in our savings as and when we could , and as the house is in my name please let me know what are the laws applicable here? Thanks a lot.This is about India tax laws. Sorry for not mentioning that clearly. If I have asked in wrong thread, I am also sorry for that.Now some more details.My husband purchased the land 13 years back.He built the home approximately in 2 years so that got ready approximately 10 years back. The home is also in my name. All the mutation of the land and other things has been done in my name. If I sell that home along with the land, I will receive the payment. Now we has built that using our earlier savings, we don't have exact cost of acquisition. And more my husband is a senior citizen age 64 by now. If I sell that property right now will the cost of acquisition will be calculated including the land price and home development cost? Please let me know if you require any more information.If we sell that right now do I need to calculate the tax using Cost Inflation Index?Who is supposed to pay the tax? Myself or my husband? I had no separate income being a house wife Thanks a lot.
My parents have sold my grand mothers property and they have purchased lands .?
my father has kept property on my name . he died 10 years back . now i want my property and details about my father's property . my mother and my brothers are are not saying any thing about it and they are enjoying my fathers and my property . do i have rights to know about my dads property. can i take legal action against my brothers for misusing my property?
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