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
Susan Mbaya is an employee of Mauzo Ltd. She has provided the following details pertaining to
tatuchka [14]

Answer:

I don't know the answer to that question sorry

8 0
3 years ago
7. The management accountant for Giada's Book Store has prepared the following income statement for the most current year: Cookb
vekshin1

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Travel Book

Sales= $164,000

Cost of goods sold= (67,000)

Contribution margin= 97,000

Order and delivery processing (25,000)

Net income= 72,000

Rent and allocated corporate costs remain constant in both decisions (drop or not). Therefore, they are irrelevant.

<u>Now, if the travel book product line was discontinued, the company's net income would have decreased by $72,000</u>

8 0
4 years ago
Jeremiah Brown has been making contributions into an individual retirement account for his retirement. His contributions are not
Leviafan [203]

Answer: <em><u>Jeremiah Brown has a Roth IRA individual retirement account.</u></em>

<em>Roth IRA is a retirement account that promotes to salvage by getting a tax welfare. Whereas a conventional IRA, what we bestow to a Roth IRA are not tax-deductible. These  investment earnings increase tax-free.</em>

<u><em>Therefore the correct option is (c)</em></u>

8 0
3 years ago
Which of the following sentences use apostrophes correctly? 1. We used to back up our account files weekly and save them onto CD
cupoosta [38]

Answer:

2. The financial planner’s e-mail address was listed on his website.

4. Making certain that all the timecards were submitted on time was Lorice’s responsibility.

Explanation:

The apostrophe (') is a punctuation mark used in English language to form possessive nouns, mark the omission of one or more letters and to indicate the plurals of letters in lowercases.

For example, forming a possessive noun; add an Apostrophe (') with the letter "s" i.e ('s) to nouns that don't end with "s" sound. Also, you can add only an Apostrophe (') without the letter "s" to nouns that ends with "s" sound.

For instance, the financial planner’s e-mail address was listed on his website, the writer's pen, the cat's eyeballs etc.

To indicate the omission of a letter (contraction), such as isn't, don't they're, I've, you're, doesn't, you've, they'd etc.

7 0
3 years ago
Low-income students are less likely to benefit from parental involvement because?
Misha Larkins [42]

The working class is more committed to their jobs and less likely to Low-income students are less likely to benefit from parental involvement. The simple solution is to submit to American authority: A person who falls within the definition of a "low-income individual".

Is one whose family's taxable income for the prior year did not exceed 150 percent of the federal poverty line. That comes to about $19,000 in the United States (Hawaii and Alaska have a somewhat higher value). If involvement of a household's income is less than 60% of the median income in the UK, it is considered to be low income.

To learn more about Low-income, click here.

brainly.com/question/13068575

#SPJ4

7 0
2 years ago
Other questions:
  • Which of the following antitrust acts would make it illegal for a board member of Microsoft to sit on the board of Apple?
    11·1 answer
  • Assume the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves. The
    13·1 answer
  • You have bought a house today at the price of $500,000. In the next two years, you will get a rent of $50,000 each year. In year
    7·1 answer
  • A property management group is interested in diversifying its company to operate properties for low-income housing, but the grou
    13·1 answer
  • Monthly production costs in Dilts Company for two levels of production are as follows.
    12·1 answer
  • Two alternatives, code-named X and Y, are under consideration at Guyer Corporation. Costs associated with the alternatives are l
    14·1 answer
  • To reduce product development time, Caterpillar connected its engineering and manufacturing divisions with its active suppliers,
    13·1 answer
  • Drag each option to the correct location on the image.
    7·1 answer
  • Explain six Differences between private and public company​
    10·1 answer
  • In the context of a business where products and services are offered to customers, demand is created by the?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!