QUESTION
49. The Green Shingle purchased a parcel of land 6 years ago for $299,500. At that time, the firm invested $64,000 gradi
Category: Business
Subject: Finance
Due Date: 02/02/2016
Question Asked: 2016-02-02 13:27:11
Asked by:
User: LightspeedLearning
Rating: No Rating (0)
Earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message
49. The Green Shingle purchased a parcel of
land 6 years ago for $299,500. At that time, the firm invested $64,000 grading
the site so that it would be usable. Since the firm wasn't ready to use the
site itself at that time, it decided to lease the land for $28,000 a year. The
Green Shingle is now considering building a hotel on the site as the rental
lease is expiring. The current value of the land is $347,500. The firm has no
loans or mortgages secured by the property. What value should be included in
the initial cost of the hotel project for the use of this land?
A. $0
B. $299,500
C. $347,500
D. $363,500
E. $411,500
AVAILABLE ANSWERS
49. The Green Shingle purchased a parcel of land 6 years ago for $299,500. At that time, the firm invested $64,000 gradi
This answer hasn't been purchased yet.
Posted on 2016-02-02 13:27:11
Posted by:
User: LightspeedLearning
Rating: No Rating (0)
earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message
Preview:
...dy to use the site itself at that time, it decided to lease the land for $28,000 a year. The Green Shingle is now considering b...
The full tutorial is about 115 words long.