Nobells Corporation Has Acquired a Property That Included Both Land

question 64

Multiple Choice

Nobells Corporation has acquired a property that included both land and a building for $500,000.The corporation hired an appraiser who has determined that the market value of the land to be $300,000 and that of the building is $400,000.At what amount should the corporation record the cost of building?

• A)$147,368
• B)$285,714
• C)$269,125
• D)$214,286

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Definitions:

Sports Metaphors

Phrases borrowed from the domain of sports to describe situations or actions in other areas of life, often used in business or personal achievements.

High-context Cultures

Societies or groups where communication relies heavily on implicit understanding, context, and nonverbal cues.

Verbal Promises

Commitments or assurances given orally, rather than in written form.

Direct Mode

A straightforward method of communication without any intermediaries or modifications.