Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 4 rt 1 of 3 1 2 nts ebook print eferences required

4 rt 1 of 3 1 2 nts eBook Print eferences Required information The following...

80.2K

Verified Solution

Question

Basic Math

image

4 rt 1 of 3 1 2 nts eBook Print eferences Required information The following information applies to the questions displayed below On January 1 Mitzu Company pays a lump sum amount of 2 800 000 for land Building 1 Building 2 and Land Improvements 1 Building 1 has no value and will be demolished Building 2 will be an office and is appraised at 823 500 with a useful life of 20 years and a 75 000 salvage value Land Improvements 1 is valued at 366 000 and is expected to last another 12 years with no salvage value The land is valued at 1 860 500 The company also incurs the following additional costs Cost to demolish Building 1 Cost of additional land grading Cost to construct Building 3 having a useful life of 25 years and a 398 000 salvage value Cost of new Land Improvements 2 having a 20 year useful life and no salvage value Required 1 Allocate the costs incurred by Mitzu to the appropriate columns and total each column Allocation of Purchase Price Land Building 2 Appraised Value Percent of Total Appraised Value X X X X Total cost of acquisition Apportioned Cost 340 400 185 400 2 262 000 173 000 Check my work

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Describe fixed point and point pattern spatial data. What is being measured in each type of...

Statistics
Q

Why are mycobacteria (Mycobacterium)harder to control than other bacteria? What makes an enzyme specific(what causes an enzyme...

Biology
Q

A manufacturing operation requires 50 fc on the workplane in a 100 ft x 150 ft...

Mechanical Engineering
Q

Electrical power is transmitted southwards from a hydroelectric plant over a distance of 1000 km via...

Physics
Q

use matlab y(t)=10*(cos(2*pi*500*t)+cos(2*pi*1000*t)+ cos(2*pi*1500*t)). e) Down sample y(t) by a factor of 6. Sketch the Fourier transform with appropriate...

Electrical Engineering
Q

Design by multisim software a square, triangular and sine wave generator. Prepare the design calculations, gain...

Electrical Engineering
Q

solev tan^2 x =1 where x is more than or equal to 0 but x...

Advance Math
Q

inclined plane m has coefficient of friction 0 1 with the surface while m has...

Physics
Q

Bernie and LuLu are selling fruit for a local fundraiser. Customers can buy boxes of...

Basic Math
Q

Bramble Ltd. uses the perpetual inventory system and reports the following inventory transactions for the...

Accounting
Q

Current Attempt in Progress Flint Painting Company has the following production data for March: Beginning...

Accounting
Q

Tammy and Jose are the equal partners in Pomegranate Plus, a partnership that is a...

Accounting