A Company Purchased Property for $300,000

question 166

Multiple Choice

A company purchased property for $300,000. The property included an acre of land valued at $50,000, a building valued at $150,000, and equipment valued at $125,000.
-The building will be recorded at a cost of

• A) $150,000.
• B) $140,000.
• C) $135,000.
• D) $138,461.

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Definitions:

Unsought Products

Items that the consumer does not know about or knows about but does not initially want.

Impulse Buys

Purchases made spontaneously without prior planning, often triggered by emotions or the strategic placement of products.

Product Life Cycle

The progression of a product through stages including introduction, growth, maturity, and decline.

Unsought Products

Items that consumers do not normally think of buying or do not know exist until they are brought to their attention through advertising or word-of-mouth.