A company purchased property for $$100,000.$ The property Included a bullding, a parking lot, and land. The bullding was appralsed at $$56,250,$ the land at $$34,000,$ and the parking lot at $$16,000.$ Land should be recorded in the accounting records with an allocated cost of:

Multiple Choice

$$0$

$$32000$

$$34\mathrm{.}000$

$$71\mathrm{.}250.$

$$100\mathrm{.}000$