The timrod company paid 500000 to acquire land buildings, Finance Basics

+44 141 628 6080
[email protected]

The timrod company paid 500000 to acquire land buildings

Question: The Timrod Company paid $500,000 to acquire land, buildings, and equipment. At the time of acquisition, the company paid $50,000 for an appraisal which revealed the following values: land, $150,000; buildings, $250,000; and equipment, $200,000.

Required- What cost does the company assign to the land, the buildings, and the equipment, respectively?

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: The timrod company paid 500000 to acquire land buildings

Reference No:- TGS02873504

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Tin y biggs company operates two factories the company

question tiny biggs company operates two factories the company applies factory overhead to jobs on the basis of machine

Q : On january 1 2016 young company issued bonds with a face

question - on january 1 2016 young company issued bonds with a face value of 300000 a stated rate of interest of 7

Q : Tom and elizabeth purchase land for 1 million-tom furnishes

question tom and elizabeth purchase land for 1 million-tom furnishes 400000 and elizabeth 600000 of the purchase price

Q : Write a sed script called activity61 to format the above

need some help with the unixlinux sed commandconsider the file addr below cat addrxiao li lxiaouncedu 6705462234

Q : The timrod company paid 500000 to acquire land buildings

question the timrod company paid 500000 to acquire land buildings and equipment at the time of acquisition the company

Q : Timing is an important factor in revenue recognition

question timing is an important factor in revenue recognition discuss two incentivespressures faced by a company that

Q : Tom and marie shafer purchased a household washing machine

question tom and marie shafer purchased a household washing machine and dishwasher on credit from the georgia power

Q : As you would expect organizations in different sectors

as you would expect organizations in different sectors business government nonprofit handle staffing issues differently

Q : Toms tires purchased inventory for 2400 and also paid 85

question toms tires purchased inventory for 2400 and also paid 85 freight to have the inventory deliverd toms returned

1946577

Questions
Asked

3,689

Active Tutors

1430879

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported