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On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $210,000 in cash
- On September 1, the company acquired five acres of land with a building that will be used as a warehouse. Tristar paid $210,000 in cash for the property. According to appraisals, the land had a fair value of $142,600 and the building had a fair value of $87,400.
I cant figure out the percent of Total Fair Value for land and building.
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
