A Company Purchased Property for $100,000

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 for a total appraised value of $125,000.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