Multiple Choice
A company purchased property for $100,000.The property included a building,equipment and land.The building was appraised at $62,000,the land at $45,000,and the equipment at $18,000.What is the amount of cost to be allocated to the building in the accounting records?
A) $0.
B) $49,600.
C) $62,000.
D) $100,000
Correct Answer:
Verified
Correct Answer:
Verified
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