33. A company paid $125,000, plus a 9% commission and $7,000 in closing costs for a property. The property included land appraised at $85,000, land improvements appraised at $34,000, and a building appraised at $51,000. What should be the allocation of this property's costs in the company's accounting records?

Answer rating: 100% (QA)

To allocate the costs of the property in the companys accounting records we need to proportionally a... View the full answer