Minerva Company Purchased Land and a Building for a Total

Multiple Choice

Minerva Company purchased land and a building for a total price of $5,200,000. Individually, the land was appraised at $840,000 and the building at $4,760,000.
How much should be recorded as the acquisition cost of each asset?

A) Land, $840,000; building, $4,760,000
B) Land, $840,000; building, $4,360,000
C) Land, $780,000; building, $4,420,000
D) Land, $800,000; building, $4,400,000