Aspen Construction made a basket purchase of three items. Item X was appraised at $ 36...
Aspen Construction made a basket purchase of three items. Item X was appraised at $ 36 comma 000 $36,000; item Y was appraised at $ 60 comma 000 $60,000 and item Z was appraised at $ 63 comma 000 $63,000. The purchase price was $ 129 comma 000 $129,000. The amount at which item Y should be recorded is
Homework Answers
Total appraised value = 36000+60000+63000 = 159000
Amount allocated to Item Y = 60000/159000*129000 = $48679
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Aspen Construction made a basket purchase of three items. Item X
was appraised at $ 36...
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