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Agata [3.3K]
3 years ago
15

purchased equipment, a building, and land for one price of $6,050,500. The estimated fair values of the equipment, building, and

land are $1,000,000, $7,000,000, and $2,000,000, respectively. At what amount would the company record the building
Business
1 answer:
otez555 [7]3 years ago
7 0

Answer:

the amount that the company would  record the building is $ 4,235,350

Explanation:

Because the Assets (Equipment, Building and Land) purchased will be depreciated diferently, there is need to allocate the purchase cost to the respective assets.

<u>Fair Values are used to Apportion cost of Assets as follows :</u>

<em>Equipment</em>

1,000,000/ 10,000,000 × $6,050,500 =  $605,050

<em>Buildings</em>

7,000,000/ 10,000,000 × $6,050,500 = $ 4,235,350

<em>Land</em>

2,000,000/ 10,000,000 × $6,050,500 = $1,210,100

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Ezmerelda jewelers have a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes,  

$164,258 taxable income.

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3 0
1 year ago
You purchase a 30-year, zero-coupon bond for a price of $25. The bond will pay back $100 after
Reil [10]

Answer:

annual compounded return = 4.73 %

so correct option is D) 4.73%

Explanation:

given data

present value = $25

future value = $100

time = 30 year

to find out

annual compounded return

solution

we get here annual compounded return that is express as

annual compounded return = (\frac{FV}{PR} )^{\frac{1}{t}} - 1    ............1

here t is time period and FV is future value and PV is present value

so put here all value in equation 1 we get

annual compounded return = (\frac{100}{25} )^{\frac{1}{30}} - 1

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so correct option is D) 4.73%

6 0
3 years ago
The term? "market" in economics refers to
timurjin [86]
I'm pretty sure it's option D
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3 years ago
When school districts are funded by local taxes only, the likelihood of disparities in funding goes up.
S_A_V [24]
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3 years ago
Crowl Corporation is investigating automating a process by purchasing a machine for $802,800 that would have a 9 year useful lif
puteri [66]

Answer:

Simple rate of return = 6.25%

Explanation:

As per the data given in the question,

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Simple rate of return = Net operating income ÷ investment

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