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Coryer Incorporated purchased a building and the land on which the building is situated for a total cost of $900,000cosh. The land was appraised at $186,300 and the building at $848,700. Required: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the buliding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. What is the accounting term for this type of acquisition? Carver Incorporated purchased a building and the land on which the buliding is situated for a total cost or $900,000 cash. The fane was appraised at $186,300 and the bullding at $848,700. Required: a. What is the occounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bulding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Would the company recognize a gat on the purchase? Carver Incorporated purchased a buliding and the land on which the building is situated for a total cost of $900.000 cash. The land was appraised at $186,300 and the building at $848,700. Required: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to aliocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Record the purchase in a horizontal statements model: ta for investing activity, FA for financing activity, NC for net change in cash and NA for not affected, Entat any decreases to acceunt balarces and casi celis require input. Carver incorporated purchased a buliding and the land on which the bullding is situated for a total cost of $900,000 cash The iand was appraised at $186,300 and the building at $848,700. Required: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar