Use the Following Information for Questions

question 46

Multiple Choice

Use the following information for questions.
La Bianco Company purchased land for a manufacturing facility for €1,100,000.The company paid €70,000 to tear down a building on the land.Salvage was sold for €10,500.Legal fees of €6,500 were paid for title investigation and making the purchase.Architect's fees were €40,500.Title insurance cost €4,500, and liability insurance during construction cost €13,500.Excavation cost €12,000.The contractor was paid €1,357,000.A one -time assessment made by the city for sidewalks was €7,500.La Bianca installed lighting and signage at a cost of €11,000.
-The cost of the building that should be recorded by La Bianca is

• A)€1,505,500.
• B)€1,432,000.
• C)€1,423,000.
• D)€1,357,500.

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Definitions:

Social Class

A segmentation of society according to socioeconomic standings.

Cultural Experiences

Engagements that allow individuals to immerse themselves in the practices, customs, and values of different societies.

Segmentation Variables

refer to the criteria or bases used in dividing a market into distinct subsets of consumers with common needs or characteristics, such as demographic, geographic, psychographic, and behavioral variables.

Purchase Frequency

The number of times a consumer buys a product or service within a given timeframe.