A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $62,000; the land at $35,000, and the parking lot at $18,000. Land should be recorded in the accounting records with an allocated cost of: A) $0. B) $30,435. C) $35,000. D) $46,087. E) $100,000. A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a > 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? A) Land $75,000; Land Improvements, $30,000; Building, $45,000. B) Land $75,000; Land Improvements, $30,800; Building, $46,200. C) Land $82,750; Land Improvements, $33,100; Building, $49,650. D) Land $80,250; Land Improvements, $32,100; Building, $48,150. E) Land $77 500: Land Improvements; $31,000; Building: $46 ann. Marlow company purchased a point of sale system on January 1 for $3,400. This system has a useful life of 10 years and a salvage value of $400. What would be the book value of the asset at the end of the first year of its useful life using the double-declining-balance method? A) $680. B) $2,320. C) $2,720. D) $600. E) $300. Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,260. The FICA tax for social security is 6.2% of the first $118.500 of employee carnings cach calendar year and the FICA tax rate for Medicare is 1.45% of all carnings. The FUTA tax rate of .6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employec's pay. The amount of federal income tax withheld from her earnings was $1.325.17. Her net pay for the month is: (Round your intermediate calculations to two decimal places.) A) $6,422.71 B) $6,246.94 C) $6,302.94 D) $5,868.94 E) $7,194.11