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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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