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Blossom Company buys land for $149000 in 2021. As of 3/31/22, the land has appreciated in value to $157200. On 12/31/22, the land has an
Blossom Company buys land for $149000 in 2021. As of 3/31/22, the land has appreciated in value to $157200. On 12/31/22, the land has an appraised value of $160500. By what amount should the Land account be increased in 2022? $11500 $8200 $0. $3300. Blossom Company purchased equipment and these costs were incurred: Cash price $77000 Sales taxes 4700 Insurance during transit 650 Installation and testing 840 Total costs $83190 Blossom will record the acquisition cost of the equipment as $77000 $81700. $82350. $83190. Tamarisk, Inc. purchased a delivery truck with a $60000 list price. The company was given a $4800 cash discount by the dealer and paid $2200 sales tax. Annual insurance on the truck is $1800. As a result of the purchase, by how much will Tamarisk, Inc. increase its truck account? $59200 $57400 $55200. $60000
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