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Cantor Corporation acquired a manufacturing facility on four…

Posted byAnonymous June 9, 2021May 9, 2023

Questions

Cаntоr Cоrpоrаtion аcquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:   Building   Land   Equipment a. $ 4,500,000     $ 3,000,000     $ 2,500,000   b. $ 4,500,000     $ 3,000,000     $ 500,000   c. $ 3,600,000     $ 2,400,000     $ 2,000,000   d. None of these answer choices are correct.  

Cаntоr Cоrpоrаtion аcquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:   Building   Land   Equipment a. $ 4,500,000     $ 3,000,000     $ 2,500,000   b. $ 4,500,000     $ 3,000,000     $ 500,000   c. $ 3,600,000     $ 2,400,000     $ 2,000,000   d. None of these answer choices are correct.  

Cаntоr Cоrpоrаtion аcquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:   Building   Land   Equipment a. $ 4,500,000     $ 3,000,000     $ 2,500,000   b. $ 4,500,000     $ 3,000,000     $ 500,000   c. $ 3,600,000     $ 2,400,000     $ 2,000,000   d. None of these answer choices are correct.  

Cаntоr Cоrpоrаtion аcquired a manufacturing facility on four acres of land for a lump-sum price of $8,000,000. The building included used but functional equipment. According to independent appraisals, the fair values were $4,500,000, $3,000,000, and $2,500,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:   Building   Land   Equipment a. $ 4,500,000     $ 3,000,000     $ 2,500,000   b. $ 4,500,000     $ 3,000,000     $ 500,000   c. $ 3,600,000     $ 2,400,000     $ 2,000,000   d. None of these answer choices are correct.  

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Tags: Accounting, Basic, qmb,

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