Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how woild i find the cost of the building for this

how woild I find the cost of the building for this? I think I got...

70.2K

Verified Solution

Question

Accounting

how woild I find the cost of the building for this? I think I got the right anwsert but not sure.
$200,000 for land
$500,000 for building
$300,000 for equipment
image
3.5 P Land, building, and equipment are acquired for a lump sum of $950,000. The market values of the three assets are, respectively. $200,000 for land, $500,000 for the building, and $300,000 for the equipment. What is the cost assigned to the building? $500,000 $526,316 $475,000 O $-0 $285,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Balance the equations or write the balanced chemical for the following: A) C7H8O2(l) + O2(g) →...

Psychology
1.2K views

you will be analyzing racial stereotypes and how those stereotypes are reinforced or challenged by the...

Physics
1.2K views

If a simple harmonic oscillator has got a displacement of 0.04 m and acceleration equal...

Accounting
1.2K views

Naseem Co. is a part to major litigation that it may lose and decides not...

Accounting
1.2K views

President's transfer of the land to the company must be done from the...

Accounting
1.2K views

Sadiki, a car manufacturing company, has a vacancy for the post of mechanical engineer. Its...

Accounting
1.2K views

Need assistance with MRP math. TRUS plans...

Accounting
1.2K views

The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance...

Accounting
1.2K views

On January 1, 2020, Apple Inc. acquired equipment on credit. The terms were $8,000 cash...

Accounting
1.2K views

value 5.00 points Willow Products expects the following sales of its single product: March 5,100...

Accounting
1.2K views

Deboer Company, which has only one product, has provided the following data concerning its most...

Finance
1.2K views

Suppose that the VC holds convertible preferred with 1X liquidation rights. The VC invested $2.5m...