Land and a Building Were Purchased for a Sum of $200,000

question 107

Multiple Choice

Land and a building were purchased for a sum of $200,000. If appraisals set the value of the land at $140,000 and the building at $70,000, the building will be recorded at

• A) $60,000
• B) $66,667
• C) $80,000
• D) $133,333

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