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Brums [2.3K]
2 years ago
8

Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp

urchase, a professional appraisal shows a value of $ 640 comma 000$640,000 for the warehouse. The seller had originally purchased the building for $ 505 comma 000$505,000. Dill has a similar warehouse on the West Coast that has a book value of $ 584 comma 000$584,000. Under the historical costâ principle, Dill should record the building for
Business
1 answer:
Nitella [24]2 years ago
7 0

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

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Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
ycow [4]

Answer:

401k

Explanation:

investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.

3 0
3 years ago
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units duri
alexandr402 [8]

Answer:

Equivalent units

Materials              10,200

Covnersion Cost   9, 100

Explanation:

\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]

The equivalent units will be calcualte as follow:

 transferred out

 ending x completion

<u>  (beginning x completion)  </u>

Equivalent units

<u>Materials</u>

9,000 + 3,000 x 80% - 2,000 x 60% = 10,200

<u>Conversion Cost</u>

9,000 + 3,000 x 30% - 2,000 x 40% = 9,100

5 0
3 years ago
Baldwin Corp. ended the year carrying $21,580,000 worth of inventory. Had they sold their entire inventory at their current pric
IceJOKER [234]

Explanation:

The given question cannot be answered as little information is provided.  However it shall be an amount if $21,580,000. For, complete analysis we need to understand  the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.

Therefore, to determine a more detailed answers more inputs are needed.  

8 0
2 years ago
Chan has been happily married to Mei Lin for the last five years and is very secure in their relationship. Over the last year, h
Alisiya [41]

Answer:

Respect

Explanation:

At the fourth level in Maslow´s hierarchy, is the need for respect.

When the needs at the bottos have been satisfied, the esteem needs begin to play a more prominent role in motivating behavior.    The first three steps in the maslow hierarchy are: physiological, safety and love.

3 0
3 years ago
UCaShoTLLOuuj9D4vqFtTpSQ<br><br> search
ankoles [38]
Okay I’ll search .... rd
3 0
2 years ago
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