Laramie Corporation Has Acquired a Property That Included Both Land

question 135

Multiple Choice

Laramie Corporation has acquired a property that included both land and a building for $560,000. The corporation hired an appraiser who has determined that the market value of the land is $370,000 and that of the building is $440,000. At what amount should the corporation record the cost of the building? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

• A) $237,600
• B) $302,400
• C) $280,000
• D) $386,400

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Definitions:

Makespan

The total amount of time required to complete a set of tasks or jobs from start to finish.

Idle Time

Periods when resources, such as machinery or labor, are available but not in use due to lack of work, setup, or maintenance.

Dispatching Rule

A guideline or algorithm used in scheduling to determine the sequence in which work orders should be processed in a manufacturing or service system.

Flow Time

The total time a product or a piece of work requires to move through a production process, from start to finish.