Multiple Choice
Comptel Corporation purchased land,a building and equipment for a total cost of $525,000.The appraised values of the land,building and equipment were $150,000,$375,000 and $75,000,respectively.The purchase price allocated to the land should be:
A) $525,000
B) $150,000
C) $131,250
D) $ 65,625
Correct Answer:
Verified
Correct Answer:
Verified
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