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Delvig [45]
3 years ago
7

An appraiser has selected a comparable sale that recently sold 85,000 inclusion in an appraisal. The comparabte has bedrooms, ba

th and a fireplace. The subject property has 3 bedrooms, 2 baths, and no fireplaceAnalysis by the appraiser indicates a bathroom is worth $2,500 and fireplace is worth \$1,200 . What the adjusted sales price of the comparable property?
Business
1 answer:
zhenek [66]3 years ago
5 0

Answer:

$86,300

Explanation:

The computation of the adjusted sales price of the comparable property is shown below:

= Sale value + worth of the bathroom - worth of the fireplace

= $85,000 + $2,500 - $1,200

= $86,300

We simply added the worth of the bathroom and deduct the worth of the fireplace to the sale value so that the  adjusted sales price of the comparable property could come

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Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio
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Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

6 0
3 years ago
Jorge has $300 for work he performed. he expects to spend the money in the next few weeks to buy a new bike. which type of accou
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The best type of account for Jorge, who has $300 for work he performed and expects to spend the money in the next few weeks to buy a new bike is checking account. A checking account is useful for money that you will be spending soon, like in Jorge's case. Checking account can be accessed using checks, automated teller machines and electronic debits.

5 0
3 years ago
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Suppose that the Lorenz Curve for the U.S. in 2019 lies completely below the Lorenz Curve for Switzerland in 2019. This implies
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5 0
2 years ago
Shawnee Hospital installs a new parking lot. The paving cost $30,000 and the lights to illuminate the new parking area cost $15,
Zarrin [17]

Answer: d. $45,000 should be debited to Land Improvements.

Explanation:

Land improvements records any moderation to land asset that is expected to add to its value and lasts for more than a year.

The paving and lighting of the parking area will add value to the area and will last longer than a year so both should go to the Land improvement account. As this account is an asset account, it will be debited when increased:

= 30,000 + 15,000

= $45,000

6 0
3 years ago
The United States and the European Union are groups of semi-independent states that have come together under an agreement whereb
goldfiish [28.3K]

Answer:

C. Each state or country can adopt large-scale production techniques that allow lower per-unit costs of production.

Explanation:

Typically explained, Economies of scale (EOS) are the advantages or benefits a firm achieves due to increase in production or operation which in turn leads to decrease in per unit costs.

Here in this question, it is evident that the only way economies of scale could be achieved is by increasing the large scale production techniques that leads to lower per-unit costs of production for the firms.

Hope this clear things up.

Thank you.

6 0
3 years ago
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