A company purchased property for $100,000. The property included a building, a parking lot, and land....

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A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was apprai

business accounting

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Answer 1

Answer #1

Answer:

	appraised	%	value recorded
		appraised / total * 100	Amount($)
	A	B=A/Total*100	C=B*100,000
Building	61,000	48.80	48,800
land	45,800	36.64	36,640
parking lot	18,200	14.56	14,560
	1,25,000	100.00	1,00,000
hence the recorded cost of land is 36,640 , hence 5th option is correct

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Answer 2

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