A company purchases land and a building on the land. The land is appraised at $80,000, and

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A company purchases land and a building on the land. The land is appraised at $80,000, and the building at $120,000. If the cost of the property is $190,000 in total, then the portion of the cost allocable to the land is:

a. $84,210

c. $76,000

b. $105,790

d. $114,000

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Aug 02, 2018 01:43 AM

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A company purchases land and a building on the land. The land is appraised at $80,000, and

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Accounting Principles

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