Linda Regalado went into business by purchasing a car wash for 480,000 . The car wash assets

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Linda Regalado went into business by purchasing a car wash for 480,000 . The car wash assets included land, building, and equipment. If purchased separately, the land would have cost 120,000 , the building 270,000 , and the equipment 210,000 . Determine the amount that should be recorded in the new business's records for land, building, and equipment.

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Financial Accounting A Global Approach

ISBN: 9780395839867

1st Edition

Authors: Sidney J. Gray, Belverd E. Needles

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