Business, 01.11.2019 04:31 emmalouh5986

Steel city company (scc) pald $120,000 to purchase land that it planned to use as a future building site. a short time later the company was approached with an opportunity to purchase a better property. the new property cost $125,000. after considering the alternative scc decided to reject the offer because the company would be required to sell the original site for $119,000 thereby incurring a $1,000 loss on the disposal of the land ($120,000-$119,000).based on this information o the $1,000 loss is relevant to the decision. the $119,00 current market value of original site is relevant to the decision. o the $125,000 cost of the replacement property is not relevant to the decision. o the $5,000 difference between the cost of the two properties ($125,000 $120,000) is relevant to the decision

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Steel city company (scc) pald $120,000 to purchase land that it planned to use as a future building...

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