Multiple Select Question

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Lopez Company purchased land and a building for $$460,000$ cash. A real estate appraiser determined the fair market values are $$100,000$ for the land and $$400,000$ for the building. Based on this information, the cost of the

land should be established at $$100,000$

building should be established at $$368,000$

building should be established at $$400,000$

land should be established at $$92,000$