FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help Your Corporation acquired real estate that contained land, building and equipment. The property cost $1,250,000. An appraisal of the property reported the following

please help
image text in transcribed
Your Corporation acquired real estate that contained land, building and equipment. The property cost $1,250,000. An appraisal of the property reported the following values: Land, $285,000; Building, $525,000 and Equipment, $350,000. What value will be recorded for the land? $439,815 $214,844 $285,000 $307,112 $315,812

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Beyond Audit Auditing Remotely And Delivering Value

Beyond Audit Auditing Remotely And Delivering Value

Authors: Robert L. Mainardi

1st Edition

1119789605, 978-1119789604

More Books

Students also viewed these Accounting questions

Question

★★★★★
Find the source activity of a 4.00-Ci sample of 131 53 I (iodine) 6.00 h after certification. Its half-life is 8.06 days.

Answered: 1 week ago

Question

★★★★★
Redox Inc. uses a predetermined overhead allocation rate to allocate manufacturing overhead costs to jobs. The company recently completed Job no. 200. This job used 25 machine hours and 17 direct...

Answered: 1 week ago

Question

★★★★★
In most of this chapter, we focused on the gender of the subject. However, we also discussed the gender of the stimulus. How do people react to male and female leaders and to females who are trying...

Answered: 1 week ago

Question

★★★★★
Vines and Daughter manufactures and sells swimsuits for $40 each. The estimated income statement for the current year is as follows: Sales ........$2,000,000 Variable costs ... 1,100,000 Contribution...

Answered: 1 week ago

Question

★★★★★
Recording Jobs Completed Please answer a and b! The following account appears in the ledger after only part of the postings have been completed for October: Jobs finished during October are...

Answered: 1 week ago

Question

★★★★★
Homework: 5. What is your overall evaluation of PepsiCo's business portfolio in 2014? Does the portfolio provide the company's shareholders with an opportunity for above-average market returns? Which...

Answered: 1 week ago

Question

★★★★★
Renaldo's Bakery makes bread for the local restaurants. Gennaro's job is to inspect the bread for defects, including size, holes, slice width, hardness, and softness. Each loaf of bread could have as...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Question

★★★★★
1. What are your creative strengths?

Answered: 1 week ago

Question

★★★★★
What metaphors might describe how we work together?

Answered: 1 week ago

Question

★★★★★
7. I understand that victims of my outbursts will remember my accusatory statements and name-calling long after I have calmed down.

Answered: 1 week ago

Previous Question Next Question