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A company paid $ 1 5 0 , 0 0 0 , plus a 7 % commission and $ 5 , 0 0 0 in
A company paid $ plus a commission and $ in closing costs for a property. The property included land appraised at $ land improvements appraised at $ and a building appraised at $ What should be the allocation of this property's costs in the company's accounting records?
Multiple Choice
Land $; Land Improvements, $; Building, $
Land $; Land Improvements, $; Building, $
Land $; Land Improvements, $; Building, $
Land $; Land Improvements, $; Building, $
Land $; Land Improvements; $; Building; $
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