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Luden [163]
3 years ago
6

Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra

ised value of the land is $23,000, and the appraised value of the building is $103,000. Required: a. Assuming that the building is to be used in Dorsey Co.’s business activities, what cost should be recorded for the land?
Business
1 answer:
algol [13]3 years ago
4 0

Answer:

The cost should be recorded for the land is $15,150

Explanation:

In order to calculate the cost should be recorded for the land we would have to calculate the following formula:

cost should be recorded for the land=(Appraised value of land/Appraised value of land and building)*combine cost of land and building

Appraised value of land=$23,000

Appraised value of land and building=$23,000+$103,000=$126,000

combine cost of land and building=$83,000

Therefore, cost should be recorded for the land=($23,000/$126,000)*$83,000

cost should be recorded for the land=$15,150

The cost should be recorded for the land is $15,150

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A customer sells short 100 shares of ABC at $35 and buys 1 ABC Jul 35 Call @ $3. The stock falls to $30 and the customer closes
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Answer:

The answer is $300 gain.

Explanation:

Operations:

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3 years ago
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Answer:

<em><u>Convenience products.</u></em>

Explanation:

Convenience products are those goods or services that are purchased by the consumer with high frequency without comparison criteria or high purchasing efforts. These products are widely distributed so that the consumer has the availability of purchase at any time. Examples include magazines, fast food, detergents and beverages.

Some of its features are:

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3 years ago
Smith Machining makes three products. The company’s annual budget includes $1,048,000 of overhead. In the past, the company allo
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Answer:

The computation is shown below:

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Some of your senior employees have started changing important information in a new call script. Newer employees have noticed, an
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