Valix Finacc vol 1 Problem 16-8

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 16 Problem 16-8

                                                                                    Land             Building     Machinery

Fair value                                                                 1,500,000          5,000,000 

Repairs                                                                                    200,000

Remodeling                                                                                        300,000

Invoice price                                                                                                       1,000,000

Discount                                                                                                             (     20,000)

Base                                                                        _________        _________            50,000

                                                                                1,500,000         5,500,000        1,030,000

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