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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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Wheres the question ??
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Barehugs is popular loungewear that prides itself on its versatility. last year, its net sales were $1,750,000 with cost of good
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First, we need to find the gross margin.
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3 years ago
What is a target audience and why is it important to consider when creating a multimedia presentation?
ss7ja [257]

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Problem 8-15 Comparing Investment Criteria [LO 1, 3, 4, 6] Consider the following two mutually exclusive projects: Year Cash Flo
stiks02 [169]

Answer:

Payback period (A)  is 3.44 years

Payback period (B)  is  2.39 years

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Cash Flow (B)   –$41,500; $20,700; $13,000; $20,100; $16,900

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8 0
3 years ago
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