a A company purchased a property for $100,000. The property included building, a parking lot and land. The building was appraised at $66,500; the land at $49,500 and the parking lot at $18,900. The value of the land that will be included in the accounting record is?

a A company purchased a property for $100,000. The property included building, a parking lot and land. The building was appraised at $66,500; the land at $49,500 and the parking lot at $18,900. The value of the land that will be included in the accounting record is?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 3RE: Utica Corporation paid 360,000 to purchase land and a building. An appraisal showed that the land is...

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Need Answer of This General Accounting Question

a
A company purchased a property for
$100,000. The property included
building, a parking lot and land. The
building was appraised at $66,500; the
land at $49,500 and the parking lot at
$18,900. The value of the land that will
be included in the accounting record is?

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