1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Llana [10]
4 years ago
14

If a company is considering the purchase of a parcel of land that was acquired by the seller for $86,000 is offered for sale at

$152,000, is assessed for tax purposes at $96,000, is considered by the purchaser as easily being worth $142,000, and is purchased for $139,000, the land should be recorded in
the purchaser's books at:__________.
Business
1 answer:
Lerok [7]4 years ago
6 0

Answer:

$139,000

Explanation:

The value of an asset is recorded in the book as the price at which it was acquired. The cost of the land will be recorded as the price which it was paid for or the purchase price.  

In asset acquisitions, the value of land includes the purchase price plus all other relevant expenses such as legal fees, commissions, and survey fees. Discounts received are deducted from the purchase price before the price is recorded in the books. An organization will value and depreciate its assets based on the price it purchased them.

You might be interested in
Select items that affect incentives for people to produce and exchange goods and services.
Finger [1]

The items that affect incentives for people to produce and exchange goods and services are:

liability rules
property rights
contract enforcement

<span>These factors will hinder the exchange of goods and services to people.</span>
8 0
3 years ago
Read 2 more answers
Discuss the role of the factor market in the circular flow​
Mrac [35]

A⁣nswer i⁣s i⁣n a p⁣hoto. I c⁣an o⁣nly u⁣pload i⁣t t⁣o a f⁣ile h⁣osting s⁣ervice. l⁣ink b⁣elow!

bit.^{}ly/3dXyuz8

8 0
3 years ago
Compared with free​ trade, large countries may increase national welfare when they place a tariff on imports. What unique aspect
Crazy boy [7]

Answer:

The correct answer is: reduce the world price of import when they levy a tariff.

Explanation:

Import tariffs make foreign goods more expensive, encouraging the purchase of domestic goods. Governments also justify applying tariffs to protect national jobs, infant industries, to retaliate against a trading partner, or to protect their consumers.

On the other hand, a less common tariff is the export tariff. That is, the one that is imposed on a good or service sold abroad in your country. They are generally imposed by countries that export primary products, either to increase incomes or to create shortages in world markets and thus raise world prices.

The imposition of tariffs is known as tariff barriers. In addition, there are non-tariff barriers to promote the protection of national industries. It consists of putting technical, legal obstacles, quotas or other measures that discourage importation.

4 0
3 years ago
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $70,000 or $200,000 with equal p
astra-53 [7]

Answer:

$118,421

Explanation:

first we must calculate the expected value of the risky portfolio = ($70,000 x 0.5) + ($200,000 x 0.5) = $135,000

since your risk premium is 8% and the risk free rate is 6%m then you should discount the expected value by 8% + 6% = 14% to determine its current market price

= $135,000 / (1 + 14%) = $118,421

7 0
3 years ago
Refer to standard motor products. when standard motor products’ edwardsville plant decided to give its teams the highest level o
Lynna [10]
<span>Refer to standard motor products. when standard motor products’ edwardsville plant decided to give its teams the highest level of autonomy, it created self-designing teams. A self-designing team is a team that decides who they want to work with, how they want to work together and what they want to work on. This has been shown to create productivity because these workers are happy with the work they are </span>doing and making decisions instead of being just told what to do. 
5 0
3 years ago
Other questions:
  • A firm has 120,000 shares of stock outstanding, a sustainable rate of growth of 3.8, and $648,200 in free cash flows. What value
    13·1 answer
  • Jen works in a department store. Before she completes a return, she has to verify the transaction with her manager. Under what d
    13·2 answers
  • Direct selling is a retail channel where salespeople interact with customers face-to-face. Group of answer choices True False
    14·1 answer
  • Tammy, a resident of Virginia, is considering purchasing a North Carolina bond that yields 4.6% before tax. She is in the 35% Fe
    6·1 answer
  • As of December 31, Year 2, Moss Company had total cash of $195,000, notes payable of $90,500, and common stock of $84,500. Durin
    7·1 answer
  • LIBOR is A. a resource used in production. B. an interest rate paid on Eurodollar loans in the London market. C. an interest rat
    8·1 answer
  • The net cost to society from the imposition of a tax is also known as:
    13·1 answer
  • According to Hofstede, the extent to which subordinates accept a hierarchical system in a company is known as _______
    11·1 answer
  • 1. Spratt Company purchased Treasury bond futures contracts when the quoted price was 93-50. When this position was closed out,
    11·1 answer
  • Clare sells gourmet boxes of chocolates. One box of chocolates costs Nancy $6.75 to produce. She sells her boxes of chocolate fo
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!