Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,900,000. Harding paid $525,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $555,000; Building, $1,650,000 and Equipment, $1,095,000. (Round percentages to two decimal places: ie .054 = 5%).

C. 950,000

Explanation:

First we will calculate the Total Appraisal Value of the Property,

Total Appraisal value of Property = Land+Building+Equipment

=$555,000+$1,650,000+$1,095,000

= $3,300,000

Now that we have the Total Appraisal Value we can apportion original cost based on the proportion of the Property that the Building was Appraised at,

Cost of Property = $1,900,000

Proportion of Building in Appraised value is = 1,650,000/3,300,000

Value to be recorded for Building will therefore be,

=$1,900,000($1,650,000/$3,300,000)

= $950,000

$950,000 will be recorded as the cost of the Building.

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

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