Chavela Company purchased a building and land for $600,000 in total. Individually, the land appraised for $252,000 and the building appraised for $378,000. How much of the purchase price should be allocated to the cost of the land?

A. $600,000
B. $252,000
C. $151,200
D. $240,000

Answer rating: 100% (QA)

ANSWER Answex solution The correct option is D ... View the full answer