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How should make a record the asset

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Point 1: Last year,My company purchased the office building, warehouse and all furniture and equipment that was in the buildings for $1,250,000. The current market price of the building is $870,000, warehouse $300,000 and other equipment, $150,000. The building is expected to have a useful life of 25 years, warehouse, 20 years and other equipment 5 years.

Question 1: How should make a record the asset? Make a qualititive analysis. Suposed the owner have a plan to complete an IPO in future.

 

Reference no: EM132496340

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