Dorsey co has expanded its operations by purchasing a

Reference no: EM13604689

Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $93,000. The appraised value of the land is $30,000, and the appraised value of the building is $106,000 Explain why Dorsey Co. allocated the cost of assets acquired based on appraised values at the purchase date rather than on the original cost of the land and building to Bibb Co.

A. Appraised values are to be used because they represent the historical asset value.

B. Appraised values are to be used because they represent the book value.

C. Appraised values are to be used because they represent the current asset values.

Reference no: EM13604689

Questions Cloud

Lorge company bottles and distributes livit a diet soft : lorge company bottles and distributes livit a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle

The mean score on a physical fitness test for division i : the mean score on a physical fitness test for division i student-athletes is 947 with a standard deviation of 205. if

For the values of bhd and z provided determine the : the structure consists of a quarter-circular rod ab with radius 150mm that is fixed in the xy plane. cd is a straight

Olivias dress shop had net retail sales of 125000 during : retail method.olivias dress shop had net retail sales of 125000 during the current year. the following additional

Dorsey co has expanded its operations by purchasing a : dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 93000.

Explain in what sense that percentile ranks and standard : explain in what sense that percentile ranks and standard scores are similar to one another? be sure to include an

Infinite products inc sold 120000 cases of glue at 40 per : effects of inventory costing methods on cash flows...infinite products inc. sold 120000 cases of glue at 40 per case

A uniformly charged plastic disk has a radius of 0100 m at : a uniformly charged plastic disk has a radius of 0.100 m. at what distance from the center along the central

Dorsey co has expanded its operations by purchasing a : dorsey co. has expanded its operations by purchasing a parcel of land with a building on it from bibb co. for 93000.

User Account

All Pages