MEG Adventures pays $525,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $62,000, a building appraised at $211,400, and paddleboats appraised at $255,400. Compute the cost that should be allocated to the building. Give me Answer
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MEG Adventures pays $525,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $62,000, a building appraised at $211,400, and paddleboats appraised at $255,400. Compute the cost that should be allocated to the building. Give me Answer
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- MEG Adventures pays $525,000 plus $13,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $62,000, a building appraised at $211,400, and paddleboats appraised at $255,400. Compute the cost that should be allocated to the building.HelpCompute the cost that should be allocated to the building
- Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the land.Riverboat Adventures pays $390,000 plus $11,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $64,500, a building appraised at $137,600, and paddleboats appraised at $227,900. Compute the cost that should be allocated to the building.Accounting
- Riverboat Adventures pays $310,000 plus $15,000 in closing costs to purchase real estate. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and land improvements appraised at $210,000. Compute the cost that should be allocated to the building. Multiple Choice $97,500. $105,000. $89,178. $140,000. $93,000.Can i get help please?Please help me
- Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style cottage. The selling price of the cottage is $115,000. The cost per cottage includes land for $55,000 and lumber, supplies, and other materials run another for $28,000. Total labor costs are approximately $20,000 per cottage. The one salesperson of PDC is paid a commission of $2,000 on the sale of each cottage. Ponderosa leases office space for $2,000 per month. The cost of supplies, utilities, and leased equipment runs another $3,000 per month. PDC has seven permanent office employees whose monthly salaries are $35,000. a- Calculate the breakeven quantity for the company b- Develop a one-way data table to examine the effect of the change in the land price from 50000 to 60000 with increments of 1000 on the breakeven point c- Develop a two-way table to examine the change in the monthly salaries and selling price on the breakeven quantity. Use values from 100,000 to 120,000 with increments…SolveFinley Co. is looking for a new office location and sees a building with a fair value of $400,000. Finley also notices that much of the equipment in the existing building would be useful to its own operations. Finley estimates the fair value of the equipment to be $80,000. Finley offers to buy both the building and the equipment for $450,000, and the offer is accepted. Determine the amounts Finley should record in the separate accounts for building and equipment.