A Company Purchased Property for a Building Site What Portion of These Costs Should Be Allocated to the with the Property

question 101

Multiple Choice

A company purchased property for a building site.The costs associated with the property were:
$\begin{array}{|l|r|}\hline \text { Purchase price } & \$ 175,000 \\\hline \text { Real estate commissions } & 15,000 \\\hline \text { Legal fees } & 800 \\\hline \text { Expenses of clearing the land } & 2,000 \\\hline \text { Expenses to remove old building } & 1,000\\\hline \end{array}$
What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?

• A)$175,800 to Land; $18,800 to Building
• B)$190,000 to Land; $3,800 to Building
• C)$190,800 to Land; $1,000 to Building
• D)$192,800 to Land; $0 to Building
• E)$193,800 to Land; $0 to Building

Understand the impact of tightness and looseness in cultures.

Grasp the concept of self-determination and its cultural implications.

Identify the characteristics of individualist vs. collectivist societies.

Recognize the significance of cultural dimensions in influencing social behavior and practices.

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