Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 10 Apr 2018 My Price 3.00

market values

On February 1, a company purchased land with a building for a total cost of 2,600,000 (500,000 paid in cash and the balance on a long-term note). It was estimated that the land and building had market values of 1,200,000 and 2,400,000, respectively.

determine th cost to be apportioned to the land and to ththe building and prepare the journal entry to record the aquisition.

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Maurice Tutor
(5)
Status NEW Posted 10 Apr 2018 08:04 PM My Price 3.00

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