Teshin co. purchases a piece of land with several land improvements for $180,000. the land appraises at $120,000 and the land improvements appraise at $80,000. the land should be recorded at what cost?

$108,000

Explanation:

The land shall be recorded at the following cost in the accounts of Teshin Co.:

Cost of land=(appraised value of land/appraised value of land and improvements)*purchase price of land with several land improvements

Appraised value of land=120,000

Appraised value of land and improvements=120,000+80,000=200,000

Purchase price of land with several improvements=$180,000

Cost of land to be recorded=(120,000/200,000)*180,000

                                              =$108,000

explanation: i am going to tell you a lie dont know i just wanted to answer lol

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12