Homework Answers
1) Allocated cost
| Allocated Cost | |
| Land | 76967 |
| Building | 265886 |
| Furniture | 356847 |
| Total | 699700 |
2) Horizontal model
| Statements Model | |||||||||||||||
| Assets | Equity | revenue | - | Expense | = | Net income | Cash flow | ||||||||
| Cash | + | Land | + | Building | + | Furniture | = | ||||||||
| -699700 | 76967 | 265886 | 356847 | ||||||||||||
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