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Allisa [31]
3 years ago
9

A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised

at $57,000; the land at $49,000, and the parking lot at $19,000. Land should be recorded in the accounting records with an allocated cost of:
Business
1 answer:
Alenkinab [10]3 years ago
5 0

Answer:

the  land recorded with an allocated cost is $39,200

Explanation:

The computation of the land recorded with an allocated cost is

Total appraised value is

= $57,000 + $49,000 + $19,000

= $125,000

Now for land, the allocated value is

= $100,000 × 49000 ÷ 125000

= $39,200

Hence, the  land recorded with an allocated cost is $39,200

The same is to be considered by doing above calculations

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gregori [183]

Answer:

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Explanation:

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The formula is shown below:  

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So, after applying the formula, the monthly payment is $594.57

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Grace [21]

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