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
Which best describes the growth process from its ultimate to its immediate causes?
VLD [36.1K]

Answer:

factors of production → institutions → incentives → real GDP per capita

Explanation:

  • Factors of production like the land, capital and labor are considered as the economic factor of production as inputs that are used to production of output i.e finished goods and services.
  • Then comes the institutions like the education systems, political systems, and legal systems into play that provide the institutional framework for the development of real GDP per capita.
  • As the real GDP takes into account the inflation, rising prices, and impact of the average person per economy.
6 0
4 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
andreev551 [17]

The answer is sociocultural dimension. This dimension is being defined as somewhat the individual all access to progress, completion and even obstacles in which is one way of putting importance to it as this shows an individual’s way of encompassing factors that may go in his or her way.

7 0
3 years ago
During what stage of product development are production costs estimated
VashaNatasha [74]

Answer:

b

Explanation:

6 0
3 years ago
Melissa, a manager at Greener Cleaners Inc., was disappointed with her team's discussion regarding next year's marketing campaig
maksim [4K]

Answer:

Social dominance.

Explanation:

Dominance is defined as control of resources or opportunity by use of force, aggression or submission. This creates inequality of opportunity for all.

Social dominance is a situation in a competitive environment, where individual or group dictate others behavior and have biased access to the resources or opportunity, which create discomfort and disagreement between two groups or individuals.

In the given case, Melissa was disappointed due to the lack of opportunity to share ideas in the team meeting as a fellow manager has dominated the meeting by pushing all his idea.

3 0
3 years ago
Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account
il63 [147K]
C) 320,000 is the answer. you’re welcome :)
5 0
4 years ago
Other questions:
  • excel Carie Company issues bonds due in 10 years with a stated interest rate of 6% and a face value of $500,000. Interest paymen
    11·1 answer
  • At the beginning of April, Warren Corporation's assets totaled $254,000 and liabilities totaled $74,000. During April the follow
    10·1 answer
  • The Ashwood Company has a long-term debt ratio of 0.50 and a current ratio of 1.60. Current liabilities are $970, sales are $5,1
    9·1 answer
  • Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May
    8·1 answer
  • At Value Inc., there are specific steps to be followed when applying for a day off. First, an employee has to apply to his or he
    11·1 answer
  • What is an interview
    11·2 answers
  • The classified Balance Sheet will subsection the assets section as follows a. Current Assets and Property, Plant, and Equipment
    15·1 answer
  • This is a real project... Should Jake buy a car from cargurus or from truecar. Chose one and explain why Jake should buy from th
    13·1 answer
  • A Stove Can be bought on hire purchase by making a deposit of $750
    12·1 answer
  • Production possibilities frontiers (PPFs) are typically bowed outward because Group of answer choices the opportunity cost of pr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!