TILL 0.24 times. C. 0.91 times. D. 0.22 times. T F 100000 20 O 3 ACO 440000 12. Bonita Industries purchased the assets of Carla Vista Co. at an auction for $5740000. An independent appraisal of the fair value of the assets is listed below: $1840000 Land 2930000 Building 2270000 Equipment Assuming that specific identification costs are impracticable and that Bonita allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Building? 3270000 LAS $1631251 B. $5155000 C. $2270000 D. $2930000 13. Equipment that cost $650000 and has accumulated depreciation of $310000 is exchanged for equipment with a fair value of $480000 and $120000 cash is received. The exchange lacked commercial substance. The gain to be recognized from the exchange is A. $170000 B. $30000 C. $200000 $52000 A. $16150 8. $175700 depreciation. What is the depreciation base of this asset? 14. Concord Corporation purchased a depreciable asset for $175700. The estimated salvage value is $14200, and the estimated useful life is 10 years. The straight-line method will be used for $17570 $161500 A. $0. B. $450000. C. $490000. D. $40000. impairment to its equipment? 15. Vaughn Manufacturing has equipment with a carrying amount of $2490000. The expected future net cash flows from the equipment are $2530000, and its fair value is $2040000. The equipment is expected to be used in operations in the future. What amount (if any) should Vaughn report as an 1.04 times. Vaughn's 2020 asset turnover is year total assets of $1200000, net sales of $1090000, and net incom 16. For 2020, Vaughn Manufacturing reports beginning of the year total assets of 26 27 AOCO0 28 ACO COUN