Land, Buildings and Equipment Are Acquired for a Lump Sum

question 48

Multiple Choice

Land, buildings and equipment are acquired for a lump sum of $875,000. The market values of the three assets are, respectively, $200,000, $500,000 and $300,000. What is the cost assigned to the equipment?

• A)$250,000
• B)$262,500
• C)$300,000
• D)$342,857

Identify the process and technology used by companies to understand customer preferences and improve product offerings.

Assess business models within the retail and technology sectors, focusing on competitive advantages and differentiation strategies.

Understand the concept and calculation of market capitalization.

Comprehend the importance and applications of Customer Relationship Management (CRM) systems.

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Definitions:

KABC-II

The Kaufman Assessment Battery for Children, Second Edition (KABC-II) is a comprehensive cognitive assessment tool for children that evaluates processing and cognitive abilities.

Wechsler Scales

A set of standardized tests designed to measure intelligence and cognitive ability in children and adults.

Cattell-Horn-Carroll Model

A comprehensive framework of human cognitive abilities that combines the theories of Raymond Cattell, John Horn, and John Carroll, identifying broad and narrow abilities.

Fluid Intelligence

The capacity to reason quickly and think abstractly, enabling problem-solving and the ability to learn new information.