Lump-sum purchase: when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal. To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

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Answer 1

Question

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

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Answer 2

Question

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

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Answer 3

Question

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

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Answer 4

Question

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

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Answer 5

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

Answer 6

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

Answer 7

Chapter 8, Problem 4DQ

To determine

Lump-sum purchase:

when the assets are purchased or bought in a lot in one transaction at a lump sum price that is called lump sum purchase. In lump sum purchase, apportion cost of purchase on the basis of relative market value can be anticipated by appraisal.

To Identify: The reason of allocation of cost of a lump sum purchase to the individual assets acquired.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 8 - Prob. 1MCQ Ch. 8 - Prob. 2MCQ Ch. 8 - A company purchased machinery for $ 10,800,000 on...Ch. 8 - Prob. 4MCQ Ch. 8 - Prob. 5MCQ Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - Prob. 4DQ Ch. 8 - Prob. 5DQ

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Chapter 8 Solutions