Question
A company purchased property for $135,000. The property included a building, equipment and land. The building was appraised at $96,000, the land at $62,000, and
A company purchased property for $135,000. The property included a building, equipment and land. The building was appraised at $96,000, the land at $62,000, and the equipment at $35,000 for a total appraised value of $193,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.)
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
