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2- A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500,
2- A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records? a) Land $82,750; Land Improvements, $33,100; Building, $49.650. b) c) d) e) Land $75,000; Land Improvements, $30,000: Building $45.000. Land $75,000: Land Improvements. $30,800; Building, $46.200 Land $77.500; Land Improvements: $31,000: Building: $46,500. Land $80,250: Land Improvements, $32.100 Building $48.150 Bos birak
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