Answer:
Cost of Land is $104,000, cost of building is $653,000. The total cost is $757,000
Explanation:
The cost of the building will include the purchase price of the land and building and every other cost incurred in the process of making the land and building available for use.
However, every amount realized from the process will also be deducted from the cost of the land and building. To separate the cost of land from the cost of the building, we must identify the cost attributable to each of them
As such, the recorded cost on land
= $100,000 + $4,000
= $104,000
and cost of building
= $10,000 + $20,000 + $625,000 - $2,000
= $653,000
Answer:
$8,343
Explanation:
Calculation to determine How much did Yasmin earn from this transaction
First step to calculate the Total commission from sale
Total commission from sale= ($463,500 × 0.06)
Total commission from sale=$27,810
Second step is to calculate Yasmin's firm's share
Yasmin's firm's share= ($27,810 ÷ 2)
Yasmin's firm's share=$13,905
Now let calculate How much did Yasmin earn from this transaction
Yasmin's Earning = ($13,905 × 0.60)
Yasmin's Earning=$8,343
Therefore the amount that Yasmin earn from this transaction is $8,343
Answer:
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Explanation:
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