Allocation of the total cost in the accounting records

Reference no: EM13134208

A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at $35,000, and the equipment at $52,500. What should be the allocation of the total cost in the accounting records?

Reference no: EM13134208

Questions Cloud

What amount of the book-tax difference is permanent : Is it favorable or unfavorable? What amount of the book-tax difference is permanent and what amount is temporary?

Point of minimal distance-equilateral triangle : Using GEOMETRY ONLY, for an equilateral triangular region, for which points is the sum of the distances to the sides of the triangle minimal? Please show me and do not point to a web site.

Define ferrocene cannot be nitrated using the conventional : Ferrocene cannot be nitrated using the conventional HNO3-H2SO4 mixed acid conditions, even though nitration is an electrophilic

Essay on why student should not allow to carry guns : write 2 paragraphs in the body of an essay about " Why Student should not allow to carry guns on college school campuses"

Allocation of the total cost in the accounting records : A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at $35,000, and the equipment at $52,500. What should be the allocation of the total cost in the a..

Find the probability that the student is married : What is the probability that the student is married, given the student was female? Your answer should be a decimal fraction accurate to 3 decimal places.

Develop information gathering : In calculating the allowance for doubtful debts last year (year ended 30 June 2013) the accounts clerk who did the calculation made a big error is his excel spreadsheet and understated the amount significantly.

Balance point of a triangle : Need to prove that the centroid is the balance point of a triangle using only GEOMETRY with no vector addition allowed and I can't use the "equal areas" argument as far as the 6 triangles that are made with the medians.

How the deferred taxes will appear on the balance sheet : Buffy, Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $90,000 was reported for financial reporting purposes in the period of sale.

User Account

All Pages