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Delvig [45]
3 years ago
12

Laramie Corporation has acquired a property that included both land and a building for $ 570 comma 000. The corporation hired an

appraiser who has determined that the market value of the land is $ 370 comma 000 and that of the building is $ 400 comma 000. At what amount should the corporation record the cost of the​ building? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
Business
1 answer:
Eddi Din [679]3 years ago
4 0

Answer:

$296,115

Explanation:

Total market value of land and building:

= Market value of land + Market value of building

= $370,000 + $400,000

= $770,000

Percentage of land in total market value:

= Market value of Building ÷ Total market value of land and building

= $400,000 ÷ $770,000

= 51.95%

Value of building:

= $570,000 × 51.95%

= $296,115

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When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.
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Answer: True

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5 0
2 years ago
Dean Brothers Inc. recently reported net income of $1,500,000. The company has 300,000 shares of common stock. The stock current
vladimir1956 [14]

Answer:

$75

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where,

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7 0
3 years ago
On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. the
kirill115 [55]
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2 years ago
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A 28-year-old single investor has funds saved at a bank. He contacts an RR and wants to begin allocating funds to a retirement a
Contact [7]

Answer: a. 80% stocks, 20% bonds

Explanation:

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