Multiple Choice
Tonto Company purchased property for $280,000.The property included a building,equipment and land.The building was appraised at $173,600,the land at $126,000,and the equipment at $50,400.What is the amount of cost to be allocated to the building in the accounting records?
A) $93,333
B) $138,880
C) $173,600
D) $280,000
Correct Answer:
Verified
Correct Answer:
Verified
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