On April 1, Swifty Corporation purchased for $1449000 a tract of land on which a

Question

On April 1, Swifty Corporation purchased for $1449000 a tract of land on which a warehouse and property: office building was located. The following data were collected concerning the Current Assessed Land Warehouse Office building $570000 390000 840000 $1800000 $520000 360000 670000 $1550000 What are the appropriate amounts that Swifty should record for the land, warehouse, and office building, respectively? O Land, $ 458850; warehouse, $ 313950; office building, $ 676200 Land, $ 526500; warehouse, $ 364500; office building, s 678375. O Land, $520000; warehouse, $ 360000; office building, $ 670000. Land, s 570000; warehouse, $ 390000; office building, $ 840000.

Explanation / Answer

Calculate appropriate amounts recorded :

so answer is a) Land $458850; warehouse $313950; Office building $676200

current assessed valuation Appropriate amounts Land 570000 1449000*570000/1800000 458850 Warehouse 390000 1449000*390000/1800000 313950 Office building 840000 1449000*840000/1800000 676200 Total 1800000 1449000

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