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Andreyy89
3 years ago
15

Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Hard

ing paid $350,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $374,000; Building, $1,100,000 and Equipment, $726,000. What value will be recorded for the building?
A. $175,000
B. $950,000
C. $800,000
D. $1,100,000
Business
1 answer:
mojhsa [17]3 years ago
5 0

Answer:

B. 950,000

Explanation:

The value of the building is calculated as the amount of appraisal is $374,000 for Land $1,100,000 for building and $726,000 for equipment which makes a total of $2,200,000 ($374,000 + $1,100,000 + $726,000). The amount of building appraisal is then divided by the total amount of appraisal to calculate the percentage of building appraisal which gives us a percentage of 5% ($1,100,000 / $2,200,000) and then finally this 5% is multiplied by the amount of property cost of Harding which gives us the value of building which is $950,000 ($1,900,000 * 5%).

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How do the effects of voluntary restraint agreements differ from the effects of a tariff? Tariffs reduce trade by more than volu
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Tariffs increase the prices of imports, helping domestic producers, while voluntary restraints do not.

Explanation:

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2 years ago
Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic
algol13

Options:

a. 14.58%  

b. 12.83%  

c. 15.46%  

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e. 16.92%

Answer:

Correct option is A.

14.58%

Explanation:

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and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)

Hence Taxable-equivalent yield =.105/(1-.28)  

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3 years ago
Discuss any 5 measures introduced by the government to fight poverty in south Africa​
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On December 31, 2018, a company had assets of $34 billion and stockholders' equity of $28 billion. That same company had assets
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Answer:

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3 years ago
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