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4 1 pts Anna just purchased a building in the city for $2,720,000 for her business that would have cost $812,000 three years ago. Anna
4 1 pts Anna just purchased a building in the city for $2,720,000 for her business that would have cost $812,000 three years ago. Anna had planned to purchase the building for the last three years. At which amount should Anna report the building on a Balance Sheet prepared in accordance with GAAP (Generally Accepted Accounting Principles)? OA fairly determined amount between $812,000 and $2,720,000 O $2,720,000; because Anna paid $2,720,000 for the building $812,000; because Anna had intentions of purchasing the building three years ago Either amount is acceptable under GAAP
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