Maria, a systems analyst, is tweaking the high-level explanation of the business requirements into a more precise list of requir
1 answer:
You might be interested in
Answer:
Allocated cost of land = $41,760
Explanation:
We know,
Allocated cost of non-current asset = × Total value of non-current asset
Given,
Total value of property = $100,000
The appraised value of Land = $52,200
The appraised value of Building = $53,000
The appraised value of parking lot = $19,800
Therefore, Total appraisal value of Land, building, and parking lot = $(52,200 + 53,000 + 19,800) = $125,000
Allocated cost of land = × $100,000
Allocated cost of land = 0.4176 x $100,000
Allocated cost of land = $41,760