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Author Question: Aspen Construction made a basket purchase of three items. Item X was appraised at $38,000; item Y ... (Read 97 times)

awywial

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Aspen Construction made a basket purchase of three items. Item X was appraised at $38,000; item Y was appraised at $60,000 and item Z was appraised at $65,000. The purchase price was $126,000. The amount at which item Y should be recorded is:
◦ ($60,000/$126,000) × $163,000.
◦ ($60,000/$163,000) × $126,000.
◦ ($60,000/$103,000) × $126,000.
◦ ($60,000/$103,000) × $163,000.


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Marked as best answer by awywial on Feb 18, 2020

ktidd

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awywial

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


kishoreddi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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