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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Deadwood Properties bought 3 lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows:
|
Lot |
Appraisal Value |
|
1 |
70,500 |
|
2 |
235,000 |
|
3 |
164,500 |
Requirement:
Record the purchase in the journal, identifying each lot's cost in separate Land account.
Round decimals to two places, and use your computed percentages throughout. Copy and paste your question here...
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