A piece of property with a commercial building is acquired by H & A Investments for $790
Question:
A piece of property with a commercial building is acquired by H & A Investments for $790 000. 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:
Answer rating: 50% (6 reviews)
A commercial investment occurs when an investor commits money ...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Question Posted:
Students also viewed these Mathematics questions
-
How many machines should be assigned to an operator for lowest cost operations when: a. Loading and unloading time one machine, 1.41 minutes. b. Walking time to next facility, 0.08 minutes. c....
-
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...
-
. The electric polarization P of a light wave for high values of the electric field E is given by: P= a(c,E+cE + cE) where a, c1, c2 and c3 are constants. Find the expression for the instantaneous...
-
Air enters a 0.5m diameter fan at 25oC, 100 kPa and is discharged at 28oC, 105 kPa and a volume flow rate of 0.8 m3/s. Determine for steady-state operation. (a) The mass flow rate of air in kg/min...
-
According to the Old Farmer's Almanac, in Miami, Florida, the number of hours of sunlight on the summer solstice of 2010 was 13.75, and the number of hours of sunlight on the winter solstice was...
-
An engineer takes samples on a daily basis of \(n=5\) cars coming to a workshop to be checked for repairs and on 250 consecutive days the data summarized in the following table are obtained: To test...
-
Destin Corp. is comparing two different capital structures. Plan I would result in 10,000 shares of stock and $90,000 in debt. Plan II would result in 7,600 shares of stock and $198,000 in debt. The...
-
What are the critical elements of a robust Management of Change (MoC) program in the context of PSM? Discuss how effective MoC practices contribute to minimizing risks associated with process...
-
Community Bank has a loan receivable from IMS Chocolates. IMS is six months late in making payments to the bank, and Jan French, a Community Bank vice president, is assisting IMS to restructure its...
-
Use an electronic calculator equipped with a natural logarithm function to evaluate each of the following. ln 200
-
Evaluate each of the following. (-4) 0
-
Bob Miller and Whitney Abayo are partners with capital balances of $1,750 and $350, respectively. They share all profits and losses equally. From the following independent situations, journalize the...
-
ctuaries can use histograms to analyze the frequency of submitted insurance claims after mers over a particular period of time. The information in the table on the left below lists the number of...
-
What are the different types of mortgages and what is the mortgage process?
-
Gitano Products uses job-order costing and applies overhead cost to jobs based on direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate is...
-
A sound wave and a light wave have the same frequency, 1024 Hz. What is the wavelength of each?
-
A restaurant chain planned to invest a customer loyalty program, which requires an initial investment of $250,000 and it is expected to generate a cash inflow (Gross Profit) of $50,000 first year...
-
Refer to exercise E2-28 of Chapter 2. Start from the trial balance and the posted T-accounts prepared at January 18, 2017. Later in January, the business completed these transactions: 2017 Jan. 21...
-
Determine two different Hamilton circuits in each of the following graphs. A B F G
-
Compute the present value on June 1, 2014, of $1785 due on October 15, 2014, if interest is 7.5%.
-
Payments of $1750 and $1600 are due four months from now and nine months from now respectively. What single payment is required to pay off the two scheduled payments today if interest is 9% and the...
-
A loan payment of $1450 was due 45 days ago and a payment of $1200 is due in 60 days. What single payment made 30 days from now is required to settle the two payments if interest is 7% and the focal...
-
12. An amusement park ride swings riders around a 25 meter radius circle at a speed of 16 m/s. What is the centripetal acceleration in meters per second-squared felt by each rider? (Answer with 3...
-
For the image matrix given , use the Sobel horizontal edge detector to 1 2 -2 detect horizontal edges. Sobel matrix for horizontal edges is 0 0 104
-
What role does a resource allocation graph play in identifying potential deadlocks, and how can it be utilized to devise strategies for deadlock prevention ?
Study smarter with the SolutionInn App