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Business, 06.12.2019 22:31 paula1172

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

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