L17 Notes_Part_7 - Donated Assets: Record at the current...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Purchase price Real estate commissions Title insurance premiums Delinquent taxes Surveying fees Title search and transfer fees Land is not depreciable. Acquisition Cost – Land
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Basket Purchases: Allocate cost based on perceived market value.
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Donated Assets: Record at the current market value Acquisition for Noncash Consideration: Record at the current market value of that given or received, whichever is more clearly evident. Acquisition: Special Cases...
View Full Document

This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

Page1 / 2

L17 Notes_Part_7 - Donated Assets: Record at the current...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online