Multiple Choice
Land and a building on the land are purchased for $672,000.The appraised values of the land and building are $120,000 and $600,000,respectively.The cost allocated to the building should be
A) $56,000.
B) $244,000.
C) $300,000.
D) $560,000.
Correct Answer:
Verified
Correct Answer:
Verified
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