Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Harding paid $525,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $555,000; Building, $1,650,000 and Equipment, $1,095,000. (Round percentages to two decimal places: ie .054 = 5%).

C. 950,000

Explanation:

First we will calculate the Total Appraisal Value of the Property,

Total Appraisal value of Property = Land+Building+Equipment

=$555,000+$1,650,000+$1,095,000

= $3,300,000

Now that we have the Total Appraisal Value we can apportion original cost based on the proportion of the Property that the Building was Appraised at,

Cost of Property = $1,900,000

Proportion of Building in Appraised value is = 1,650,000/3,300,000

Value to be recorded for Building will therefore be,

=$1,900,000($1,650,000/$3,300,000)

= $950,000

$950,000 will be recorded as the cost of the Building.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

the answerr would be 1