Insuring a factory is classified as a(n) __________-level activity in an activity-based costing system

Chavez Company purchased a property (including land and building). The company acquired the property in exchange for a 15-year mortgage for $900,000. Their insurance company appraised the components as follows: Land $200,000 Building 700,000 Parking lot 100,000 What should be the cost basis for the building?

A. $500,000 B. $600,000 C. $630,000 D. $622,222

A broker acting as an agent for a principal has as much authority as:

a. the principal actually or ostensibly confers upon them. b. an attorney-in-fact. c. the broker chooses to take. d. they choose to accept as limited by the statute of frauds.