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A company paid $165,500 for property. The property included land appraised at $87.500, land improvements appraised at $35,000, and a building appraised at $52,500. What
A company paid $165,500 for 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? Multiple Choice Land $75,000 Land improvements, $30,000, Building. $45,000 Cand $75.000; Land improvements. $30,800; Building. 546.200 Land $82,750; Land improvements. $33,100; Building. $49,650 Land $80,250: Land Improvements, $32,100, Building, $48.150 Land $77.500, Land improvements: $31,000; Building, $46.500
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