Under X C O ezto.mheducation.com/hm.tpx connect TING pter 9 Qulz Introduction to

Question

Under X C O ezto.mheducation.com/hm.tpx connect TING pter 9 Qulz Introduction to Financia ccounting o Question 3 (of 10) A company purchased property for $145.000. The property included a building, equipment and land. The building was appraised at $100.000, the land at $64,000, and the equipment at $37,000 for a total appreised value of $201,000. What is the amount of cost to be allocated to the building in the accounting records? Round your intermediate calculations to 3 decimal places) O $72.210 O $145,000 O so O $100000 DLL

Explanation / Answer

Solution: Option (a) is correct.

Explanation: Amount of cost to be allocated to the building = (145000*100000)/201000 = $72,139

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.