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Lelu [443]
3 years ago
15

Sage Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $384,300. The estimated fair val

ues of the assets are land $73,200, building $268,400, and equipment $97,600. At what amounts should each of the three assets be recorded
Business
1 answer:
maria [59]3 years ago
3 0

Answer: See explanation

Explanation:

The following can be calculated from the information given:

Total Asset Fair Value which will be:

= Land + Building + Equipment

= 73200 + 268400 + 97600

= $439200

Recorder Amount will now be:

Land = 73200 / 439200 × 384300

Land = 64050

Building = 268400 / 439200 × 384300

Building = 234850

Equipment = 97600 / 439200 × 384300

Equipment = 85400

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Maddy has been performing at a very high level at a firm, and so when two of her colleagues who are currently leading other deve
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2 years ago
Select the correct answer.
Montano1993 [528]

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get each individual to state the problem from his or her viewpoint.

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2 years ago
Read 2 more answers
Ring Technology has a capital budget of $850,000, it wants to maintain a target capital structure of 35% debt and 65% equity, an
Bad White [126]

Answer:

b. $ 952,500

Explanation:

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3 0
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Answer:

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