Bingo Corporation Has Acquired a Property That Included Both Land

Multiple Choice

Bingo Corporation has acquired a property that included both land and a building for $520,000.The corporation hired an appraiser who has determined that the market value of the land is $320,000 and that of the building is $400,000.At what amount should the corporation record the cost of the building? (Round any intermediate calculations to two decimal places,and your final answer to the nearest dollar. )

A) $224,000
B) $291,200
C) $260,000
D) $374,400