Bruce Moneybags owns several restaurants \"nd hotels near a local te restauve Be

Question

Bruce Moneybags owns several restaurants "nd hotels near a local te restauve Beerand More, originely cost Ste-mon iererey My ped bt Ned·mod med Bruce-tying to decide whether so accept an offer and sell Beef and More, es is, for the offer price of $11 million or renovate the restaurent hise The projected renovation cost is $1.3 million. The restaurant would need to be shut down renovation project, what cost, i any, should be included for the current restaurant? O so $11 miliorn O $11 miltion $90.000 O $1.8 million 13 mition 90000

Explanation / Answer

initial value of beef and moore = 1800000

cost of renovation = 1300000

after tax less loss due to shutdown = 90000

cost to be considered for renovation = 1300000+90000+1800000

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