Carver incorporoted purchased a building and the land on which the buliding is situated for a total cost of $938,500 cash The larid was appraised at $2 26 648 and the building at $852 627 Required a Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bulding b Would the compary recognive a gain on the purchase c Record the purchase in a horizontal statements model d Record the purchose in general journat formot Complete this question by entering vour answers in the tabs below Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $938,500 cash The land was appralsed at $226,648 and the bullding at $852,627 Required a Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building b Would the company recognize a gain on the purchase c Record the purchase in a horizontal statements model d Record the purchase in general journal format Complete this question by entering your answers in the tabs below Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding (Do not round intermediate calculations Round your final answers to nearest whole dollar ) Journal entry worksheet Record purchase of land and building for cash Note Enter debits before credits Carver Incorporated purchased a buliding and the land on which the building is situated for a total cost of $938 500 cash The land was appraised at $226,648 and the buliding at $852,627 Required a Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building b Would the company recognize a gain on the purchase c Record the purchase in a horizontal statements model d Record the purchase in general journal format Complete this question by entering your answers in the tabs below Would the company recognize a gain on the purchase

Question

Carver incorporoted purchased a building and the land on which the buliding is situated for a total cost of $938,500 cash  The larid was appraised at $2 26 648 and the building at $852 627  Required a  Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bulding  b  Would the compary recognive a gain on the purchase  c  Record the purchase in a horizontal statements model  d  Record the purchose in general journat formot  Complete this question by entering vour answers in the tabs below  Carver Incorporated purchased a building and the land on which the building is situated for a total cost of $938,500 cash  The land was appralsed at $226,648 and the bullding at $852,627  Required a  Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building  b  Would the company recognize a gain on the purchase  c  Record the purchase in a horizontal statements model  d  Record the purchase in general journal format  Complete this question by entering your answers in the tabs below  Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding  (Do not round intermediate calculations  Round your final answers to nearest whole dollar ) Journal entry worksheet Record purchase of land and building for cash  Note  Enter debits before credits  Carver Incorporated purchased a buliding and the land on which the building is situated for a total cost of $938 500 cash  The land was appraised at $226,648 and the buliding at $852,627  Required a  Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building b  Would the company recognize a gain on the purchase  c  Record the purchase in a horizontal statements model  d  Record the purchase in general journal format  Complete this question by entering your answers in the tabs below  Would the company recognize a gain on the purchase

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Carver incorporoted purchased a building and the land on which the buliding is situated for a total cost of $938,500 cash. The larid was appraised

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