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A company purchases land and a building for $600,000. The appraisal attributes a fair market value (FMV) to the land of $360,000 and to the

A company purchases land and a building for $600,000. The appraisal attributes a fair market value (FMV) to the land of $360,000 and to the building of $440,000. As a result, the land's cost will be booked at:

a -

$440,000

b-

$270,000

c -

$330,000

d -

$360,000

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