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A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000 and to the

A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000 and to the building of $220,000. As a result, the lands cost will be booked at:

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220,000

165,000

135,000

180,000

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