A Company Purchased Property for $100,000

question 165

Multiple Choice

A company purchased property for $100,000.The property included a building,equipment and land.The building was appraised at $62,000,the land at $45,000,and the equipment at $18,000 for a total appraised value of $125,000.What is the amount of cost to be allocated to the building in the accounting records?

• A) $0
• B) $49,600
• C) $62,000
• D) $100,000

Learn about the placement of views in third-angle projection drawings.

Acquaint with drafting standards and the organizations that set these standards.

Understand the concept of orthographic projection and its application.

Comprehend the role of symbols in indicating projection types on drawings.

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Definitions:

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Directives issued by the President of the United States that manage operations of the federal government and have the force of law.

Statutory Laws

Laws that have been written and enacted by a legislative body, as opposed to those derived from court decisions or traditional customs.

Environmental Leaders

Individuals or organizations that play a significant role in advocating for and implementing practices that protect and sustain the natural environment.

Policies

Guidelines or rules established by organizations or governments to steer decisions and achieve rational outcomes.