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

Question

1 Approved Answer

Sale 9 includes 200 acres of cropland and a single family residence, and sold for $675,000. Sale 10 includes 175 acres of very similar cropland

image text in transcribed
Sale 9 includes 200 acres of cropland and a single family residence, and sold for $675,000. Sale 10 includes 175 acres of very similar cropland and sold for $525,000. What is the contributory value of the residence on Sale 9? $150,000 $75,000 $590,625 $50,000

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

Finance For Growing Enterprises

Finance For Growing Enterprises

Authors: Edward W. Davis, Roger Buckland

1st Edition

1138679941, 978-1138679948

More Books

Students also viewed these Finance questions

Question

The fact that older people spend more on health care is evidence against theGrossman model, which predicts that spending will decline as increases.

Answered: 1 week ago

Question

★★★★★
During the current year, Zeta Corporation distributes the assets listed below to its sole shareholder, Susan. For each asset listed, determine the gross income recognized by Susan, her basis in the...

Answered: 1 week ago

Question

★★★★★
3. a. Total demand, 50000, Purchase price/ unit - 700 tk , Carrying cost of inventory- 25% of inventory value, Order cost/order - 5000 what is EOQ and total inventory cost. b. would you hold...

Answered: 1 week ago

Question

★★★★★
Match the following types of training programs (in the left column) to their accurate illustrations (in the right column). Stress inoculation training Stress inoculation training drop zone empty....

Answered: 1 week ago

Question

★★★★★
9. Suppose in Sierra Leone, raising taxes or borrowing are your only two choices of financing current expenditures, which would you choose, and why, if you were in charge of setting policy? 10. We...

Answered: 1 week ago

Question

★★★★★
The Carly Company uses cash-basis accounting for their records. During the year, Carly collected P500,000 from its customers, made payments of P200,000 to its suppliers for inventory, and paid...

Answered: 1 week ago

Question

★★★★★
In 10years you will begin receiving $169 per year in perpetuity from a family trust fund (first payment is exactly 10 years from today). You have decided to discount these cash flowsat a constant...

Answered: 1 week ago

Question

★★★★★
A house costing RM 120,000 cash is purchased by making a down payment of RM 40,000 and the balance is to be settled by making 120 monthly payments at 6% compounded monthly. (a) Find this monthly...

Answered: 1 week ago

Question

★★★★★
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company sells its birdcages through an extensive network of street vendors who...

Answered: 1 week ago

Question

★★★★★
Do you think the trend over time of average percentage of returned sales for online transactions is similar to or different from the average percentage of returned sales for in-person transactions?...

Answered: 1 week ago

Question

★★★★★
Predict returned sales in future periods using predictive analytics.

Answered: 1 week ago

Question

★★★★★
Write your fifth question and provide an answer based on your analysis.

Answered: 1 week ago

Previous Question Next Question