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sashaice [31]
3 years ago
9

intext:"If a company is considering the purchase of a parcel of land that was acquired by the seller for $85,000, is offered for

sale at $150,000, is assessed for tax purposes at $95,000, is considered by the purchaser as easily being worth $140,000, and is purchased for $137,000, the land should be recorded in the purchaser's books at"
Business
1 answer:
valkas [14]3 years ago
8 0

Answer:

the seller must record the land at the purchase price = $137,000

Explanation:

Fixed assets like land must always be recorded at historical cost. This is specially important regarding land because it doesn't depreciate and its carrying value will always be the purchase cost since it cannot be adjusted if the fair market value changes.

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Answer:

$3,515

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Since the question is asking for planning budget so we considered the expected units in terms of jobs and meals

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4 years ago
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2 years ago
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gladu [14]
Is there any answers choice or I have to figure it my self
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3 years ago
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