Posted: July 20th, 2016

the fair value of new land including cash given is which of the following amounts?

6. On Exercise 10 8 which of the following represents the percentage of total fair value allocated to the land?
25%
30%
45%
100%

7. On Exercise 10 8 which of the following represents the initial cost of building A?
$405,000
$450,000
$225,000
$270,000

8. On Exercise 10 8 which of the following represents the initial dollar value allocation to the land?
$300,000
$270,000
$250,000
$225,000

9. For Exercise 10 18 (Requirement 1) the fair value of new land including cash given is which of the following amounts?
$86,000
$72,000
$30,000
$14,000

10. For Exercise 10 18 (Requirement 3) the book value of the old land is which of the following amounts?
$14,000
$30,000
$42,000
$86,000