Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. carmela company purchased a building and land for

Carmela Company purchased a building and land for $460,000 in total. Individually, the land appraised...

90.2K

Verified Solution

Question

Accounting

imageimageimageimage

Carmela Company purchased a building and land for $460,000 in total. Individually, the land appraised for $73,500 and the building appraised for $416,500. How much of the purchase price should be allocated to the cost of the land? OA. $62,475 O B. $73,500 O c. $69,000 O D. $460,000

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

01 M E

Algebra
Q

1 3 Nadya has 19 yards of ribbon She cuts the ribbon into pieces that...

Basic Math
Q

Wilson Corp. is considering the purchase of a new piece of equipment. The cost savings from...

Finance
Q

An oil company produces gasoline from five inputs. The cost, density, viscosity, and sulfur content, and...

Advance Math
Q

Can someone please tell me if these calculations are correct! I'm reviewing my notes, and my...

Biology
Q

how does the autonomic nervous system control digestion? where is the enteric nervous system?

Medical Sciences
Q

Give good examples and write in complete sentences. Provide a definition and an example of each...

Psychology
Q

6 4 Which of the following processes removes carbon from the air and uses 1...

Biology
Q

Which equation is represented by the graph 10 10 10 5 Select one or more...

Geometry
Q

The crime rate of a certain city is increasing by exactly 2% each year. If...

Algebra
Q

Find the quotient and remainder using long division x 6x 7 2 x 7 x...

Algebra
Q

Part 2 Instructions and Submissions 1. Complete the remainder of the worksheet. a. See adjustments...

Accounting