A Company Purchased Property for $100,000

question 115

Multiple Choice

A company purchased property for $100,000.The property included a building,a parking lot and land.The building was appraised at $62,000; the land at $45,000 and the parking lot at $18,000.The value of the land that will be included in the accounting record is:

• A)$0
• B)$36,000
• C)$42,000
• D)$45,000
• E)$100,000

Comprehend the treatment and accounting for estate assets and liabilities.

Grasp the purpose and application of the Uniform Probate Code.

Analyze estate planning strategies using different types of trusts.

Prioritize claims under the Uniform Probate Code.

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Definitions:

Unpleasant Stimulus

A stimulus that is generally undesirable or disagreeable to an individual, often leading to avoidance behavior.

Punishment

Any event or object that, when following a response, makes that response less likely to happen again.

Positive Reinforcement

The reinforcement of a response by the addition or experiencing of a pleasurable stimulus.

Pleasurable Consequence

A positive outcome or reward that follows a behavior, making it more likely to occur again in the future.