Tonto Company purchased property for $140,000. The property included a building, equipment and land. The building was appraised at $98,000, the land at $63,000, and the equipment at $36,000. What is the amount of cost to be allocated to the building in the accounting records?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Tonto Company purchased property for $140,000. The property included a building, equipment and land. The building was appraised at $98,000, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
DW has an ending Retained Earnings balance of $51,400. If during the year DW paid dividends of $4,000 and had net income of $21,600, then what was the beginning Retained Earnings balance?
Answers (1)
Starting a new business as a sole proprietorship: a) requires retaining the services of an attorney. b) is simple, but the proprietorship fee is very expensive in some states.
Answers (1)
A. True b. False. in autocratic organizations that adhere to traditional rules and procedures, an incentive system that attempts to reward flexibility and teamwork will always succeed.
Answers (1)
The annual percentage yield (apy) is the
Answers (1)
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, independent and dependent clauses, and parallelism.
Answers (1)
New Questions in Business
Rain spoils the strawberry crop, the price of strawberries rises from $2 to $4 a box, and the quantity demanded decreases from 1 comma 400 to 1 comma 000 boxes a week. Calculate the price elasticity of demand over this price range.
Answers (1)
You record the debit entry for transaction (B) 5/2 in the journal as Date Description Debit Credit A. May 2 A/P-Craft Bank 3,500.00 B. May 2 A/P-Craft Bank 3,500.00 C. May 2 Equipment-Store 3,500.00 D. May 2 Merchandise 3,500.00
Answers (1)
To efficiently conduct an alumni survey, a university collects data on all those who attend the annual alumni reunion on campus. what type of manipulation is this?
Answers (1)
Why are cigarettes sold in gas stations when smoking is prohibited there?
Answers (2)
Show the change in the market for laptop computers that is consistent with the following statement: "When a technological advance improves the features of laptop computers, the price of laptop computers rises, and the price of a used desktop
Answers (1)