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
kumpel [21]
3 years ago
5

Pinewood Company purchased two buildings on four acres of land. The lump-sum purchase price was $2,000,000. According to indepen

dent appraisals, the fair values were $840,000 (building A) and $525,000 (building B) for the buildings and $735,000 for the land. Required: Determine the initial valuation of the buildings and the land.
Asset Initial Valuation

Land

Building A

Building B

Total
Business
1 answer:
Kaylis [27]3 years ago
5 0

Answer:

<em>Initial Assets Valuation</em>

  • Building A = $800,000
  • Building B = $500,000
  • Land = $700,000

Explanation:

According to the Independent Appraisal, the total value of the buildings and the land would be;

= 840,000 + 525,000 + 735,000

= <em>$2,100,000</em>

<em />

The initial valuation of the Assets therefore will be their weights according to the independent appraisal multiplied by the purchase price.

Building A

= \frac{840,000}{2,100,000} * 2,000,000

= $800,000

Building B

= \frac{525,000}{2,100,000} * 2,000,000

= $500,000

Land

= \frac{735,000}{2,100,000} * 2,000,000

= $700,000

You might be interested in
In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were w
yanalaym [24]

Answer:

$11,977

Explanation:

The difference between the balance of the total checks written and balance of the total checks presented for withdrawal gives the amount outstanding.

As such, amount of outstanding checks at the end of December is the net of the balance of the checks written in November and December and the balance of the checks presented in the same period.

This is

= $43300 + $59239 - $39630 - $50932

= $11,977

4 0
4 years ago
Read 2 more answers
A registered representative has left a firm and joined another. The new firm must obtain a copy of the form u-5 filled out by th
Paraphin [41]

The new firm obtains a copy of the form from the new employee and from FINRA's Central Registration Depository.

A firm is a for-income enterprise, commonly fashioned as a partnership that offers expert services, which include legal or accounting services. The concept of the firm posits that companies exist to maximize profits.

A firm is an enterprise that seeks to make a profit thru the sale of products and offerings. The time period firm is synonymous with enterprise or corporation. Firms can function beneath numerous special systems, together with sole proprietorships and companies.

The adjective company describes something this is strong and unwavering. if your top-notch Aunt Martha had a firm notion that kids need to be visible and now not heard, you and your siblings might have spent your early life using her loopy. something this is stable can also be defined as firm.

Learn more about firms here brainly.com/question/24448358

#SPJ4

7 0
2 years ago
Mostert Music Company had the following transactions in March: Sold music lessons to customers for $12,050; received $6,650 in c
bezimeni [28]

Answer:

Under Cash Basis all transactions for which cash is exchanged whether paid or received is accounted for.

Cash Basis Income Statement

Sales Revenue = $6,650

Customer Deposits = $4,550

Total Revenue = $11,200

Less: Expenses:

Wages              = ($700)

Net Income = $10,500

Under Accrual basis, the transactions are recorded as to the period they relate, and it is not necessary to exchange cash for the same.

Accrual Basis Income Statement

Sales Revenue = $12,050

Total Revenue = $12,050

Expenses

Wages = ($700)

Utilities = ($330)

Total Expenses = ($1,030)

Net Income = $11,020

7 0
4 years ago
Which statements are true of a white dwarf?
Snezhnost [94]

Answer:

- it is the result of the core collapse of a low-mass star that sheds its outer layers.

-it cools down to become a black dwarf.

Explanation:

because its right, alright.

(PLATO)

8 0
3 years ago
Read 2 more answers
Behavioral economistsLOADING... attribute some consumer behavior to the endowment effect. Which of the following is an example o
mestny [16]

Answer:  Option C

Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.

Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.  

   

6 0
3 years ago
Other questions:
  • Drag the tiles to the correct boxes to complete the pairs. Match the scenarios with terms related to financial aid. Entrance cou
    9·1 answer
  • Which film sound is typically recorded during production?
    8·1 answer
  • Given the data below, if the cost of a factory adjustment is $7.50, when is it more
    9·1 answer
  • Which methods predicts the amount by which the value of a firm will change if a project is accepted?
    8·1 answer
  • 2. If you run out of legal pads at home and there are several cases of legal pads at work, what
    5·2 answers
  • Which of these pieces of information would fit in a career plan's career requirements section? Check all that apply.
    10·2 answers
  • Media business became big in the 1830s, partially due to the development of ______, which allowed for mass production of newspap
    7·2 answers
  • Select the examples that best represent Architecture and Construction customers. Check all that apply.
    7·2 answers
  • If a tax is levied on the sellers of a product, then the demand curve will a. become flatter. b. not shift. c. shift up. d. shif
    14·1 answer
  • Eileen is a risk neutral consultant, doing work for acme, inc. The company offers her a choice of two compensation plans. Under
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!