Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $125,000 Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. c. Which of the following appraisals would Bob likely prefer? 1. The appraised value of the warehouse was $75,000, and of the land was $100,000. 2. The appraised value of the warehouse was $50,000 and of the land was $125,000. Bob's Preference

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
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Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for
$125,000
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
c. Which of the following appraisals would Bob likely prefer?
1. The appraised value of the warehouse was $75,000, and of the land was $100,000.
2. The appraised value of the warehouse was $50,000 and of the land was $125,000.
Bob's Preference
Transcribed Image Text:Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $125,000 Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. c. Which of the following appraisals would Bob likely prefer? 1. The appraised value of the warehouse was $75,000, and of the land was $100,000. 2. The appraised value of the warehouse was $50,000 and of the land was $125,000. Bob's Preference
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