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Title: Ten years ago a corporation purchased a building for $160,000. At that time, the corporation felt ... Post by: H3Ko on Aug 27, 2016 Ten years ago a corporation purchased a building for $160,000. At that time, the corporation felt that the business was worth $185,000. The current market value of the business is $460,000. The building has been assessed at $435,000 for property tax purposes. At which amount should the corporation record the building in its accounting records?
A) $185,000 B) $460,000 C) $160,000 D) $435,000 Title: Re: Ten years ago a corporation purchased a building for $160,000. At that time, the corporation ... Post by: .unplugged. on Aug 27, 2016 Content hidden
Title: Re: Ten years ago a corporation purchased a building for $160,000. At that time, the corporation felt ... Post by: H3Ko on Oct 12, 2016 YES! Can't believe I got this one right. Appreciate the confirmation
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