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) C) $62,000
D) $100,000
Correct Answer:
Verified
Correct Answer:
Verified
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