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A company purchases land and a building on the land. The land is appraised at $50,000, and the building at $250,000. If the cost of

A company purchases land and a building on the land. The land is appraised at $50,000, and the building at $250,000. If the cost of the property is $264,000 in total, then the portion of the cost allocable to the land is: a. $46,000 c. $44,000 b.$52,000d. $58,000

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