On april 1, mooney corporation purchased for $162 a tract of land on which a warehouse and office building was located. the following data were collected concerning the property: current valuation: land: 6warehouse: 4building: 8vendor's original cost: land: 55warehouse: 37building: 68how would you find the appropriate costs for the land? a) use current valuation only (6)b) use vendor's original cost only (55)c) 6-55000 = 5000d) (60/180)*162 = 54

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Organizations typically rely on schedules, such as hourly wages and annual reviews and raises.