9:30 Shiny Clean Company buys a carwash for $48 million. An appraiser values the land at $1.1 million, the building at $3.4 million, and the equipment at $0.3 million. In addition the company pays a 5% commission to a broker for arranging the sale. Which of the following statements is true? Muple Choice The company should record $3.57 million as the acquistion cost of the building The company should record $0.24 million as an expense and 54.8 million as an asset The company should record $11 million as the acquisition cost of the land The company should record $37 million as the acquisition cost of the building