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Business, 08.11.2019 06:31 dbn4everloved8
Tamarack company purchased a plant from one of its suppliers. the $1,000,000 purchase price included the land, a building, and factory machinery. tamarack also paid $6,000 in legal fees to negotiate the purchase of the plant. an appraisal showed the following values for the items purchased: property assessed value land $126,000 building 456,000 machinery 318,000 total $900,000 using the assessed value as a guide, allocate the total purchase price of the plant to the land, building, and machinery accounts in tamarack company’s records. do not round until your final answers. round answers to the nearest dollar. asset allocation of purchase price land answer building answer machinery answer total answer
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Tamarack company purchased a plant from one of its suppliers. the $1,000,000 purchase price included...
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