Merchant Company Purchased Property for a Building Site What Portion of These Costs Should Be Allocated to the Associated

question 88

Multiple Choice

Merchant Company purchased property for a building site. The costs associated with the property were: $\begin{array} { l } \text { Purchase price}&\$185,000 \\ \text {Real estate commissions }& 15,000\\ \text {Legal fees }&700 \\ \text {Expenses of clearing the land }&2,000 \\ \text { Expenses to remove old building}&4,000 \\\end{array}$
What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?

• A)$200,000 to Land; $6,700 to Building.
• B)$185,000 to Land; $21,700 to Building.
• C)$200,700 to Land; $6,000 to Building.
• D)$206,700 to Land; $0 to Building.
• E)$187,700 to Land; $19,000 to Building.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

High Validity

The extent to which a test or research accurately measures or reflects what it is intended to.

Naturalistic Observation

A method of observing behavior, in which clinicians or researchers observe people in their everyday environments.

Cultural Fairness

Involves recognizing and respecting the differences across cultures and ensuring equal opportunities and fairness for people from all cultural backgrounds.

Inferred Quality

A perceived attribute or characteristic of a product or service, deduced from available information rather than direct experience.