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mel-nik [20]
3 years ago
7

Cart Co. purchased an office building and the land on which it is located for $750,000 cash and an existing $250,000 mortgage. F

or realty tax purposes, the property is assessed at $960,000, 60% of which is allocated to the building. At what amount should Cart record the building
Business
1 answer:
Nat2105 [25]3 years ago
5 0

Answer:

$600,000

Explanation:

The computation of the amount to be recorded for the building is shown below:

But first we have to determine the total acquisition cost of land which is as follows

= Cash + mortgage

= $750,000 + $250,000

= $1,000,000

Now it is mentioned that 60% is allocated to the building

So, it would be

= $1,000,000 × 60%

= $600,000

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Differential pricing means different buyers pay different prices for the same quality and quantity of a product.
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1 year ago
On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The ma
shepuryov [24]

Answer:

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3 years ago
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<h3><u>Explanation:</u></h3>

There are three important terms associated with the supply chain management. They are distributors, suppliers and wholesalers. Distributors are those who are directly related with the manufacturers and they represent the manufacturers in some way. Distributors have buying agreements that includes only certain number of members and also they usually cover certain specific areas.

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3 years ago
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Which aspect is an essential feature of a joint venture between two companies that come together for global trade?
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Answer:

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