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H3Ko H3Ko
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7 years ago
Hawkeye Corporation has acquired a property that included both land and a building for $570,000. The corporation hired an appraiser who has determined that the market value of the land is $300,000 and that of the building is $430,000. At what amount should the corporation record the cost of land? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $444,600
B) $285,000
C) $233,700
D) $123,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
4 years ago
Thnak you!
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