a. 140,000

b. 355,000

c. 617,500

d 880,000

IThe following information applies to the questions displayed below) Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,235,000. Harding paid $280,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $296,000; Building, $880,000 and Equipment, $584,000. (Round percentages to two decimal places: ie.054 = 5%). What value will be recorded for the building? 19 What journal entry would be used to record the purchase of the above assets? Multiple Choice O Land Building Equipment Cash 296,000 880,000 584,000 1,760, oee Land Building Equipment Cash Notes payable 296,000 880,000 584,000 280, eee 1,480, eee e to search a Land Building Equipment Cash Notes payable Gain on purchase of long-term assets 296,000 880,000 584,000 955,000 280,000 525 , Land Building Equipment Cash Notes payable 209,95 617,500 407,550 280,000 955,000