Bingo Corporation Has Acquired a Property That Included Both Land

question 79

Multiple Choice

Bingo 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 is $360,000 and that of the building is $420,000.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)$226,800
• B)$270,000
• C)$250,000
• D)$320,000

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Definitions:

Electrical Current

The flow of electric charge through a conductor or circuit, typically measured in amperes.

Flow

In electrical contexts, flow refers to the movement or circulation of electric current through a conductor or circuit.

Semiconductor

A material that contains four valence electrons and is used in the production of solid-state devices.

Valence Electrons

The electrons in an atom's outer shell, which determine the chemical properties of the element and its reactivity.