Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. riverboat adventures pays $380,000 plus $14,000 in

Riverboat Adventures pays $380,000 plus $14,000 in closing costs to buy out a competitor. The...

50.1K

Verified Solution

Question

Accounting

Riverboat Adventures pays $380,000 plus $14,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $54,600, a building appraised at $155,400, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the building.

Multiple Choice

  • $77,700.

  • $155,400.

  • $223,480.

  • $140,600.

  • $145,780.

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

Finance
1.2K views

Vasudevan, Inc. forecasts the free cash flows (in millions) shown below. If the weighted average cost...

Physics
1.2K views

Answer all questions in the space provided. For each problem, label all parts, show equation, substitution (with...

General Management
1.2K views

Part 1: Effect of Culture on Teams As a group, review at least four (6) academically...

Biology
1.2K views

What happens to proteins made in the

Geometry
1.2K views

How many degrees are in a semicircle 270 180

Geometry
1.2K views

Scarlett is ordering a single topping pizza to share with friends There are 5 toppings...

Basic Math
1.2K views

Question 3 20 points Basic Trigonometry Determine the approximate value of x T 23 8...

Statistics
1.2K views

f hours they study each week Is this variable quantitative or qualitative 1 pt 12...

Calculus
1.2K views

Test the series for convergence or divergence 00 n 2 In n n Extra Credit...

Algebra
1.2K views

Consider the following relation Prev a Answer 1 Point Step 2 of 2 Determine if...

Algebra
1.2K views

1 Determine whether the following series are convergent or divergent Justify your answers including which...

Accounting
1.2K views

Tristar Service Centre repairs automobiles on a cash or credit basis. Accounts in the general...