Multiple Choice
A company purchased property for $100,000.The property included a building,a parking lot,and land.The building was appraised at $62,000;the land at $35,000,and the parking lot at $18,000.Land should be recorded in the accounting records with an allocated cost of:
A) $0.
B) $30,435.
C) $35,000.
D) $46,087.
E) $100,000.
Correct Answer:
Verified
Correct Answer:
Verified
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