A piece of property with a commercial building is acquired by H & A Investments for $184

Question:

A piece of property with a commercial building is acquired by H & A Investments for $184 000. If the land is valued at $2000 less than one-third the value of the building, how much of the amount paid should be assigned to land?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

See More Books

Question Posted: Nov 29, 2017 06:40 AM

See More Questions

Peter hires Alice as an agent to sell a piece of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peters property is actually at least $45,000 and...
A piece of property valued at $56 100 is assessed for property tax purposes at 611 of its value. If the property tax rate is $3.75 on each $100 of assessed value, what is the amount of tax levied on...
A piece of property may be acquired by making an immediate payment of $25 000 and payments of $37 500 and $50 000 three and 5 years from now, respectively. Alternatively, the property may be...
Parent Ltd owns 80% of Subsidiary Ltd. In the financial year ended 30 June 20X2, Subsidiary Ltd sold inventory to Parent Ltd. Details regarding the transaction are as follows: Cost to Subsidiary to...
The temperature distribution across a wall 0.3 m thick at a certain instant of time is T(x) = a + bx + cx 2 , where T is in degrees Celsius and x is in meters, a = 200C, b = -200C/m, and c = 30C/m 2....
Biochemical oxidation of aromatic rings is catalyzed by a group of liver enzymes called aryl hydroxylases. Part of this chemical process is the conversion of toxic aromatic hydrocarbons such as...
Suppose the total volatility of returns on a stock is 25%. A linear model with two risk factors indicates that the stock has betas of 0.8 and 1.2 on the two risk factors. The factors have volatility...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (10 lbs. @ $3 per lb.). . . . . . . . . . . . . . . . . ....
The Welding Department of Sheridan Company has the following production and manufacturing cost data for February 2025. All materials are added at the beginning of the process. Manufacturing Costs...
How would a retailer develop a market-segment product grouping for their products and services?
The total amount paid for a banquet, including gratuities of one-twentieth of the price quoted for the banquet, was $2457. How much of the amount paid was gratuities?
The total average monthly cost of heat, power, and water for Sheridan Service for last year was $2010. If this year's average monthly cost is expected to increase by one-tenth over last year's...
The molecular formula of n-decane is CH 3 (CH 2 ) 8 CH 3 . Decane is not considered a polymer, whereas polyethylene is. What is the distinction?
ER Model Assignment (2.5 point each) Create an ER model that includes entities (tables), Primary Keys (PK) and Foreign Key (FK) where appropriate. Include at least three fields that describe each...
Despite the clumsy cover-up of the initial outbreak, China, through draconian lockdowns, quickly contained COVID-19. From an institution-based view. what are these mandatory lockdowns an example of?
If democracy in the 21st century aspires to be as successful as it was in the 20th century, faith in democracy will need to be translated into strengths in economic development and in overcoming...
Explain what practices or attitudes exhibited within a team may indicate that a team member is experiencing discrimination and/or prejudice from their own team members. Explain what practices or...
1. What are knowledge workers? What skills do they possess? Why are they important to organizations? 2. Explain the difference between the functional view and the process view of organizations. Why...
Ms. Calhoun is age 51 and single. What is the maximum contribution that she can make to a Roth IRA if: a. Her AGI consists of an $89,400 salary from her employer? b. Her AGI consists of an $89,400...
on 8 For the following set of lengths 130, 170, 160, 160, 150, 190 Third quartile is: et red d out of Select one: O a. 160 a question O b. 145 O c. 175 O d. 180
Last week Lisa had gross earnings of $441.30. Lisa receives a base salary of $375 and a commission on sales exceeding her quota of $5000. What is her rate of commission if her sales were $6560?
Costa earned a gross commission of $2101.05 during July. What were his sales if his rate of commission is 10.5% of net sales and sales returns and allowances for the month were 8% of his gross sales?
Edith worked 47 hours during a week for which her gross remuneration was $577.72. Based on a regular workweek of 40 hours and overtime payment at time-and-a-half regular pay, what is Ediths hourly...
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
11 The APRN unit director is working at an agency that has a high incidence of medication errors, specifically with heparin. One recent error had a patient receive twice the prescribed dose. Which...

A piece of property with a commercial building is acquired by H & A Investments for $184

Question:

Step by Step Answer:

Let the value of the building be x Value of ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Accounting questions