LinkUp, Inc. paid $450,000, plus $25,000 in closing costs, to buy a parcel of land with a factory on it. The purchase also contained equipment. The land is appraised at $130,000, a building appraised at $325,000, and equipment appraised at $50,000. Compute the cost that should be allocated to the land.

$122,277

Explanation:

The cost that should be allocated to the land should be calculated thus:

Closing cost will be:

= 450,000 + 25,000

= 475,000

Total value of assets will be:

= Value of land + Value of building + Value of equipment

= 130,000 + 325,000 + 50,000

= 505,000

Therefore, cost allocated to land will be:

= (Total payment made x Value of land) / Total value of all assets

= (475,000 x 130,000) / 505,000

= 122,277

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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