On April 1, Marigold Corp. purchased for $1458000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Land Warehouse Office building Current Assessed Valuation $580000 410000 810000 $1800000 Vendor's Original Cost $530000 380000 678000 $1588000 What are the appropriate amounts that Marigold should record for the land, warehouse, and office building, respectively? O Land, $580000; warehouse, $410000; office building, $810000. Land, $530000; warehouse, $380000; office building, $678000. O Land, $536625; warehouse, $384750; office building, $686475. O Land, $469800; warehouse, $332100; office building, $656100.
On April 1, Marigold Corp. purchased for $1458000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Land Warehouse Office building Current Assessed Valuation $580000 410000 810000 $1800000 Vendor's Original Cost $530000 380000 678000 $1588000 What are the appropriate amounts that Marigold should record for the land, warehouse, and office building, respectively? O Land, $580000; warehouse, $410000; office building, $810000. Land, $530000; warehouse, $380000; office building, $678000. O Land, $536625; warehouse, $384750; office building, $686475. O Land, $469800; warehouse, $332100; office building, $656100.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:On April 1, Marigold Corp. purchased for $1458000 a tract of land on which a warehouse and office
building was located. The following data were collected concerning the property:
Land
Warehouse
Office building
Current Assessed Valuation
$580000
410000
810000
$1800000
Vendor's Original Cost
$530000
380000
678000
$1588000
What are the appropriate amounts that Marigold should record for the land, warehouse, and office
building, respectively?
O Land, $580000; warehouse, $410000; office building, $810000.
Land, $530000; warehouse, $380000; office building, $678000.
O Land, $536625; warehouse, $384750; office building, $686475.
O Land, $469800; warehouse, $332100; office building, $656100.
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