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A company purchased property for $100,000. The property included a bullding, a parking lot, and land. The bullding was appraised at $57,000; the land at
A company purchased property for $100,000. The property included a bullding, a parking lot, and land. The bullding was appraised at $57,000; the land at $49,000, and the parking lot at $19,000. Land should be recorded in the accounting records with an allocated cost of: Multiple Cholce $39,200. $49,000 $0. $100,000 $45,200
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