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

---

Definitions:

Funder's First Law

A principle in psychology that holds people are almost always in a better position to observe their own behavior than anyone else is.

Largest

Refers to the highest in size, amount, degree, or capacity.

Smallest

Pertaining to the least in size, amount, degree, or the like.

Scientific Education

The process of teaching and learning about scientific concepts, methods, and the natural world through observation and experimentation.