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ACC - Peach Management owns several apartment complexes

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Question;Peach Management owns several apartment complexes throughout the city of Atlanta. It just acquired a new piece of property that has been appraised at $775,000. The assets and their values are listed as follows.Asset ValueBuilding $475,000Furnishings 50,000Land 150,000Land improvements 100,000Total $775,000Peach Management purchased the property in a foreclosure for $600,000. Create a worksheet (file name BASKET) that will allocate the purchase price among the assets acquired.Review the Model-Building Problem Checklist on page 154 to ensure that your worksheet is complete. Print the worksheet when done. Check figure: Allocated cost of the building, $367,742.Use the following purchase price to test your model: $700,000.

 

Paper#41921 | Written in 18-Jul-2015

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