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Benton corporation acquired real estate that contained land, building and equipment. the property cost benton $825,000. benton paid $175,000 in cash and issued a note payable for the remainder of the cost. an appraisal of the property reported the following values: land, $85,000; building, $625,000; and equipment, $250,000. what value will be recorded for the building

Respuesta :

$537109 will be recorded value0 for the building.

What does it take to acquire a company?

A company makes an acquisition when it buys the majority or all of the shares of another company in order to take over that business. The acquirer can make choices regarding newly acquired assets without the consent of the target company's other shareholders if they buy more than 50% of the target company's stock and other assets.

What is the journal entry for acquisition?

The company can make the journal entry for the goodwill on acquisition by debiting the assets at the fair value and the goodwill account and crediting the liabilities at the fair value and the cash account.

Learn more about Acquisition of a company: https://brainly.com/question/15263890

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