amount should be recorded by Arlette's as the cost of the building? RE10-3 Utica Corporation paid...

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amount should be recorded by Arlette's as the cost of the building? RE10-3 Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is LO 10.2 worth $100,000 and the building is worth $300,000. What cost should Utica assign to the land and to the building, respectively? RE10-4 On April 15, Hemingway Company purchases equipment by issuing a 7-year, $350,000 non- amount should be recorded by Arlette's as the cost of the building? RE10-3 Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is LO 10.2 worth $100,000 and the building is worth $300,000. What cost should Utica assign to the land and to the building, respectively? RE10-4 On April 15, Hemingway Company purchases equipment by issuing a 7-year, $350,000 non-