On April 1, Bramble Corp. purchased for $1629000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Current Assessed Valuation Vendor's Original Cost Land $560000 $510000 Warehouse 400000 370000 Office building 840000 672000 $1800000 $1552000 What are the appropriate amounts that Bramble should record for the land, warehouse, and office building, respectively? Land, $506800; warehouse, $362000; office building, $760200. Land, $510000; warehouse, $370000; office building, $672000. Land, $560000; warehouse, $400000; office building, $840000. Land, $516375; warehouse, $374625; office building, $680400.
On April 1, Bramble Corp. purchased for $1629000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Current Assessed Valuation Vendor's Original Cost Land $560000 $510000 Warehouse 400000 370000 Office building 840000 672000 $1800000 $1552000 What are the appropriate amounts that Bramble should record for the land, warehouse, and office building, respectively? Land, $506800; warehouse, $362000; office building, $760200. Land, $510000; warehouse, $370000; office building, $672000. Land, $560000; warehouse, $400000; office building, $840000. Land, $516375; warehouse, $374625; office building, $680400.
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 38P
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On April 1, Bramble Corp. purchased for $1629000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property:
| Current Assessed Valuation | Vendor's Original Cost | |||||||
| Land | $560000 | $510000 | ||||||
| Warehouse | 400000 | 370000 | ||||||
| Office building | 840000 | 672000 | ||||||
| $1800000 | $1552000 |
What are the appropriate amounts that Bramble should record for the land, warehouse, and office building, respectively?
|
|
Land, $506800; warehouse, $362000; office building, $760200. |
|
|
Land, $510000; warehouse, $370000; office building, $672000. |
|
|
Land, $560000; warehouse, $400000; office building, $840000. |
|
|
Land, $516375; warehouse, $374625; office building, $680400. |
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