Business
Business, 24.10.2019 01:00, dondre54

Acompany purchased land and building from a seller for $900,000. a separate appraisal reveals the fair value of the land to be $200,000 and the fair value of the building to be $800,000. for what amount would the company record land at the time of purchase?

answer
Answers: 3
Show answers

Similar questions

Предмет
Business, 06.08.2019 03:20, meep26wesley
Acompany acquired an office building on three acres of land for a lump-sum price of $2,400,000. the building was completely equipped. according to independent appraisals, the fair values were $1,300,000, $780,000, and $520,000 for the building, land, and equipment, respectively. at what amount would the company record the building? (a) $1,300,000 (building), $ 780,000 (land), $520,000 (fixture). (b) $1,200,000 (building), $ 720,000 (land), $480,000 (fixture). (c) $ 720,000 (building), $1,200,000 (land), $480,000 (fixture). (d) none of these answer choices are correct.
Answers: 2
continue
Предмет
Business, 11.09.2019 02:20, hailee24
Samtech manufacturing purchased land and building for $4 million. in addition to the purchase price, samtech made the following expenditures in connection with the purchase of the land and building: title insurance $ 16,000 legal fees for drawing the contract 5,000 pro-rated property taxes for the period after acquisition 36,000 state transfer fees 4,000 an independent appraisal estimated the fair values of the land and building, if purchased separately, at $3.3 and $1.1 million, respectively. shortly after acquisition, samtech spent $82,000 to construct a parking lot and $40,000 for landscaping. required: determine the initial valuation of each asset samtech acquired in these transactions. (enter your answers in whole dollars.) assets initial valuation land building land improvements
Answers: 1
continue
Предмет
Business, 29.10.2019 22:31, shadowz8813
Red rock bakery purchases land, building, and equipment for a single purchase price of $320,000. however, the estimated fair values of the land, building, and equipment are $147,000, $252,000, and $21,000, respectively, for a total estimated fair value of $420,000. required: determine the amounts red rock should record in the separate accounts for the land, the building, and the equipment.
Answers: 3
continue
Предмет
Business, 11.11.2019 21:31, elposhoo5067
Red rock bakery purchases land, building, and equipment for a single purchase price of $420,000. however, the estimated fair values of the land, building, and equipment are $130,000, $312,000, and $78,000, respectively, for a total estimated fair value of $520,000. required: determine the amounts red rock should record in the separate accounts for the land, the building, and the equipment.
Answers: 2
continue
Do you know the correct answer?
Acompany purchased land and building from a seller for $900,000. a separate appraisal reveals the fa...

Questions in other subjects:

Konu
Mathematics, 16.03.2020 16:10
The table represents the linear function f(x), and the equation represents the linear function g(x). Compare the y-intercepts and slopes of the linear functions f(x) and g(x) and c...
Konu
History, 16.03.2020 16:10
What is 9 + 10 + 2 - 3 + 2 + 1...
Konu
Social Studies, 16.03.2020 16:10
Provide definition, explanation and examples for functionalist theory...
Konu
Social Studies, 16.03.2020 16:10
Explain the benefits of a compound interest in an investment...
Konu
Business, 16.03.2020 16:10
An interval scale exhibits the property of order. Absolute magnitudes cannot be compared using an interval scale because the zero point is established arbitrarily. The number of ye...
Konu
Mathematics, 16.03.2020 16:10
In a survey of 1487 people, 933 people said they voted in a recent presidential election. Voting records show that 60% of eligible voters actually did vote. Given that 60% of eligi...
Konu
Computers and Technology, 16.03.2020 16:10
Data stored in computer systems has a high value because there is a great deal of time and effort that goes into creating an analyzing it and . A. Data often has intrinsic value B....
Konu
Mathematics, 16.03.2020 16:11
The population can be modeled by P(t) = 82.5 − 67.5cos⎡ ⎣(π/6)t ⎤ ⎦, where t is time in months (t = 0 represents January 1) and P is population (in thousands). During a year, in wh...
Konu
Mathematics, 16.03.2020 16:11
Each side of a square calendar is 6 inches long. What is the calendar's area?...
Konu
Computers and Technology, 16.03.2020 16:11
A system administrator needs to create a high-performance SQL server. What type of disk configuration will allow the administrator to connect an offline physical disk that is conne...
Other tasks in the category: Business More task
See results (0)