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
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

You might be interested in
At the end of the closing process, Income Summary will hold a balance.
Ray Of Light [21]

Answer:

False. Have a Good day I hope this helps

Explanation:

3 0
2 years ago
"I don't understand why you're afraid to commit to this new ad program," said Barry, sales representative of a popular radio sta
Elden [556K]

In this scenario, Barry would be classified as a(n) <u>A. aggressive</u> salesperson.

<u>Explanation</u>:

Barry works for a popular radio station as a sales representative. From his conversation in the above scenario it is clear that Barry is an aggressive salesperson.

One day Barry was discussing with the marketing manager of a larger retail store regarding their new ad program. Barry was clear that the ad will be broadcasted around the clock all over the town if they agree with their radio station. He told that the ad will be aired day after tomorrow if the manager is ready to sign today.

8 0
3 years ago
A ____ consist of the actions a person is expected to perform in a group.
Charra [1.4K]
B. A persons Role is the actions they are expected to perform
7 0
3 years ago
Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t
Nina [5.8K]

The correct answer to this open question is the following.

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.

6 0
3 years ago
The current exchange rate is​ $1= euro€1. suppose that u.s. real interest rates increaseu.s. real interest rates increase. what
ICE Princess25 [194]
Both will appreciate
7 0
3 years ago
Other questions:
  • On November 30, capital balances are Roses $299000, Ellis $258000 and Gise $258000. The income ratios are 20%, 20% and 60%, resp
    5·1 answer
  • Luke is the owner of Fun Times, a U.S. event-planning company. He plans to open an event-planning company, Events &amp; Adventur
    5·1 answer
  • Maximal oxygen uptake ________ throughout adulthood, a trend that is related to the __________ in maximum heart rate and in musc
    10·1 answer
  • 7. What type of format is created when an email address is typed in a
    8·1 answer
  • Colton Enterprises experienced the following events for Year 1, the first year of operation:Acquired $37,000 cash from the issue
    9·1 answer
  • A unit of ownership in a corporation is a
    7·1 answer
  • Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
    15·2 answers
  • ░░░░░▐▀█▀▌░░░░▀█▄░░░ ░░░░░▐█▄█▌░░░░░░▀█▄░░ ░░░░░░▀▄▀░░░▄▄▄▄▄▀▀░░ ░░░░▄▄▄██▀▀▀▀░░░░░░░ ░░░█▀▄▄▄█░▀▀░░ ░░░▌░▄▄▄▐▌▀▀▀░░ ▄░▐░░░▄▄░█░
    12·1 answer
  • Which transaction caused John to overdraw his account?
    5·1 answer
  • because it produces and distributes a specific type of cultural product for public consumption to profit financially, a video ga
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!