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14 April, 13:30

Anderson Corporation has purchased a group of assets for $ 15,600. The assets and their relative market values are listed below.

Land: $7,400

Equipment: $2,600

Building: $3,400

Which of the following amounts would be debited to the Land account? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)

A: $4,467

B: $2,964

C: $3,900

D: $8,580

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Answers (1)
  1. 14 April, 14:16
    0
    D: $8,580

    Explanation:

    Land = $7,400*$ 15,600/13400

    = $8,580

    Therefore, The amounts would be debited to the Land account is $8,580.
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