Multiple Choice
Kenyon Company purchased land and a building for $270,000.The appraised values of the land and building were $100,000 and $200,000,respectively.The purchase price allocated to the land should be:
A) $270,000
B) $180,000
C) $100,000
D) $ 90,000
Correct Answer:
Verified
Correct Answer:
Verified
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