A real estate management company buys an apartment complex for $4.8 million. An appraiser values the land at $1 million, the building at $3,4 million, and the equipment at $0.3 million. In addition, the company pays a 5% commission to a broker for arranging the sale. Which of the following statements is true? Multiple Choice The company would record $37 million as the acquisition cost of the building The company would record $0 24 million as an expense and 54.8 million as an asset The company would record $1 million as the acquisition cost of the land The company would record $3.52 million as the acquisition cost of the building