« previous next »

Author Question: On May 20, White Repair Service extended an offer of 108,000 for land that had been priced for sale ... (Read 68 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: Jul 6, 2018
On May 20, White Repair Service extended an offer of 108,000 for land that had been priced for sale at 140,000.On May 30, White Repair Service accepted the seller's counteroffer of 115,000 . On June 20, the land wasassessed at a value of 95,000 for property tax purposes. On July 4, White Repair Service was offered 150,000for the land by a national retail chain. At what value should the land be recorded in White Repair Service'srecords?
 a. 108,000
  b. 95,000
  c. 140,000
  d. 115,000

Question 2

Which of the following capital assets would not be considered a general capital asset?
 
  A. Land at the local municipal park
  B. A highway bridge maintained by a city government
  C. Infrastructure associated with the local water system
  D. Public safety vehicles


iceage

  • Guest
Reply #1 on: Jul 6, 2018
Answer to Question 1

d

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Female scorpion Compsobuthus werneri carrying its young (white) Female scorpion Compsobuthus werneri carrying its young (white)
Diphtheria. The bacteria that cause this disease, called Corynebacterium diphtheriae, proliferate in Diphtheria. The bacteria that cause this disease, called Corynebacterium diphtheriae, proliferate in
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Types of white blood cells. Types of white blood cells.
White Bread vs. Brown Bread White Bread vs. Brown Bread
Base excision repair Base excision repair
Video: Mitosis step-by-step

For a complete list of videos, visit our video library