On May 1, 2011, Lenny Corporation purchased for $690,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property:

Determine the appropriate amounts that Lenny should record for the land, warehouse, and office building.

Question

On May 1, 2011, Lenny Corporation purchased for $690,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property:
  
Determine the appropriate amounts that Lenny should record for the land, warehouse, and office building.

Quizplus · Accepted Answer

The Answer of On May 1, 2011, Lenny Corporation purchased for $690,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property:
  
Determine the appropriate amounts that Lenny should record for the land, warehouse, and office building.

On May 1, 2011, Lenny Corporation Purchased for $690,000 a Tract