Acme Purchased a Property That Included Both Land and a Building

question 77

Multiple Choice

Acme purchased a property that included both land and a building for $200,000.Acme hired an appraiser who determined that the market value of the land was $140,000 and the market value of the building was $50,000.
-At what amount should Acme record the building cost?

• A) $147,368
• B) $52,632
• C) $200,000
• D) $140,000

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