Bingo Corporation Has Acquired a Property That Included Both Land

question 154

Multiple Choice

Bingo Corporation has acquired a property that included both land and a building for $520,000.The corporation hired an appraiser who has determined that the market value of the land is $320,000 and that of the building is $400,000.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)$224,000
• B)$291,200
• C)$260,000
• D)$374,400

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Definitions:

Deontology

An ethical theory emphasizing that the morality of an action should be based on whether the action itself is right or wrong under a series of rules, rather than based on the consequences of the action.

Feminist Ethics

An approach to ethics that prioritizes the experiences and interests of women and other marginalized genders, challenging traditional ethical frameworks that have historically overlooked them.

Ethics of Care

A philosophical perspective that emphasizes the importance of caring, empathy, and maintaining relationships as a moral obligation.

Autonomy

The capacity and right of individuals to make their own choices and govern themselves.