A Company Acquired Property That Included Land,building and Equipment for a Total

question 175

Multiple Choice

A company acquired property that included land,building and equipment for a total cost of $163,000.The land was appraised at $87,500,the building at $35,000,and the equipment at $52,500.What should be the allocation of the total cost in the accounting records?

• A)Land $75,000;Building $30,000;Equipment $45,000
• B)Land $75,000;Building $30,800;Equipment $46,200
• C)Land $87,500;Building $35,000;Equipment $52,500
• D)Land $81,500;Building $32,600;Equipment $48,900

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Definitions:

Growth Hormones

Peptides that stimulate growth, cell reproduction, and regeneration in humans and other animals.

Altered States

Conditions of consciousness that are significantly different from the normal waking state, such as those induced by sleep, meditation, hypnosis, or drugs.

Waking Consciousness

A state of clear, organized alertness to the environment and oneself.

Hyperconsciousness

An intensified state of awareness in which one is overly aware of one's thoughts, emotions, and surroundings, often leading to heightened sensitivity or anxiety.