Solved

Kenyon Company Purchased Land and a Building for $270,000

Question 17

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 building should be:


A) $270,000
B) $200,000
C) $180,000
D) $ 90,000

Correct Answer:

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