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

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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
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