Question
Basket purchase allocation Fesco Jewelers LTD. purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $18000 from a bankrupt
Basket purchase allocation Fesco Jewelers LTD. purchased store fixtures, display cases, and a maximum-security commercial safe for a lump-sum price of $18000 from a bankrupt competitor. Appraised values were as follows: store fixtures, $9000, display cases $13500, commercial safe $7500.
What should be reported for commercial safe?
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
