On may 1 2014 abiuso corporation purchased for 790000 a

Assignment Help Accounting Basics

Reference no: EM13579559

On May 1, 2014 Abiuso Corporation purchased for 790,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property:

Current Assessed Valuation Vendors Original Cost

Land - 225,000 190,000

warehouse - 315,000 350,000

office building - 360,000 145,000

Total - 900,000 685,000

Determine the appropriate amounts that Abiuso should record for the land, warehouse and office building.

Reference no: EM13579559

Questions Cloud

What is the total value of the finished goods inventory at : techuxia corporation worked on four jobs during october job a256 job a257 job a258 and job a260. at the end of october

The probability that a region prone to hurricanes will be : the probability that a region prone to hurricanes will be hit by a hurricane in any single year is 15 . what is the

During the year 5600 units were produced 18340 hours were : the following information was taken from the annual manufacturing overhead cost budget of coen company. variable

Perform a hypothesis test to determine if there is a : q1 bandura blanchard and ritter 1969 conducted an experiment that provided individuals with one of four treatments for

On may 1 2014 abiuso corporation purchased for 790000 a : on may 1 2014 abiuso corporation purchased for 790000 a tract of land on which a warehouse and office building were

Suppose that two group members are randomly selected in : consider a political discussion group consisting of 4 democrats 7 republicans and 9 independents. suppose that two

Construct a 90 confidence interval for the proportion of : of 43 bank customers depositing a check 18 received some cash back. construct a 90 confidence interval for the

Algon company owns a machine that cost 560000 has a book : algon company owns a machine that cost 560000 has a book value of 240000 and an estimated fair value of 480000. nogal

Common stock 12 par value 500 shares authorized 200 shares : which answer would represent the financial statement presentation of stockholders equity after the following

User Account

All Pages