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The Portion of a Group Purchase of Land and Building

Question 201

Multiple Choice

The portion of a group purchase of land and building for $1,302,000 allocated to land,when the land is appraised at $340,000 and the building on the land is appraised at $1,020,000,is


A) $996,500.
B) $325,500.
C) $345,500.
D) $976,500.

Correct Answer:

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