A Parcel of Corporate Land Was Recently Dedicated as the New

question 25

Multiple Choice

A parcel of corporate land was recently dedicated as the new plant site.What cost allocation should the land receive,based on the following: original cost of $200,000,market value of $300,000,net book value of $200,000,a recent offer to purchase for $250,000.

• A) $200,000
• B) $250,000
• C) $275,000
• D) $300,000

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Definitions:

Jiffy Lube

An American brand of automotive oil change specialty shops that also offer a variety of maintenance services.

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A lubricant used in internal combustion engines to reduce wear on moving parts, clean the engine from sludge, and cool the engine by carrying heat away from moving parts.

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