The Portion of a Group Purchase of Land and Building

question 201

Multiple Choice

The portion of a group purchase of land and building for $1,302,000 allocated to land,when the land is appraised at $340,000 and the building on the land is appraised at $1,020,000,is

• A)$996,500.
• B)$325,500.
• C)$345,500.
• D)$976,500.

---

Definitions:

Outside Supplier

An external entity that provides goods or services to another company, not affiliated internally.

Making Part

The process or activities involved in the manufacturing or creation of parts or components that are then assembled into final products.

Idle Capacity

The unused portion of a company's production or operational capacity, which indicates that not all resources are being fully utilized.

Financial Advantage

A benefit that gives an individual or business a better financial position compared to others.