Question: Help Save & Exit Submit A company purchased property for $ 1 0 0 , 0 0 0 . The property included a building, a

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A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $56,250; the land at $34,000, and the parking lot at $16,000. Land should be recorded in the accounting records with an allocated cost of:
Multiple Choice
$0.
$32,000.
$34,000.
$71,250.
Help Save & Exit Submit A company purchased

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