Valix Finacc vol 1 Problem 16-9

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 16 Problem 16-9

                                                                                    Land            Building      Machinery

Fair value                                                                1,500,000        4,000,000        1,500,000    

Repairs                                                                                   200,000

Special tax assessment                                                30,000

Platform                                                                                                                    70,000

Remodeling                                                                                       400,000

Purchase price                                                                                             800,000

Discount                                                                                                               (    40,000)

Freight                                                                                                                       20,000

Installation                                                               _________       _________            30,000

                                                                                1,530,000         4,600,000        2,380,000