Darrin Brown Bought a Pub

question 140

Multiple Choice

Darrin Brown bought a pub.The purchase price was $695,000.An appraiser provided the following appraisal values: land,$320,000;building,$370,000;and equipment,$60,000.What cost should be allocated to the building?

• A)$370,000
• B)$695,000
• C)$342,867
• D)$399,281

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