Sheridan Manufacturing Purchased a New Building with the Surrounding Land

question 193

Multiple Choice

Sheridan Manufacturing purchased a new building with the surrounding land.The price paid was $2,400,000,including the commission charged on the sale.An appraisal of the land and building at the time of purchase indicated that the market value of the land was $2,000,000 and the market value of the building was $1,000,000.What amounts would be recorded for the purchase of the two assets?

• A)Land $1,600,000,Building $800,000
• B)Land $2,000,000,Building $1,000,000
• C)Land $2,000,000,Building $400,000
• D)Land $1,400,000,Building $1,000,000

Understand Lewin's force field analysis model, including the concepts of unfreezing, movement, and refreezing.

Recognize the balance of driving and restraining forces in achieving stability or change.

Identify reasons for and manifestations of resistance to change.

Acknowledge the subtle and overt forms of resistance to change.

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Definitions:

Computer Industry

Refers to the business sector involved in the development, manufacturing, and sale of computers, computer components, and software.

Substitute Capital

Assets or investments that can be used as alternatives to others, capable of fulfilling similar functions or bringing similar returns in a portfolio.

Price of Capital

The cost of using capital goods in production, which can include interest payments on loans or rent on equipment.

Marginal Product

The additional output gained by adding one more unit of a specific input, keeping all other inputs constant.