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Assume Bridgeport Manutacturing Company purchased land, a building, and some equipment on July 31, 2024, for $1125700 cash. The land was appraised at $478280, the

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Assume Bridgeport Manutacturing Company purchased land, a building, and some equipment on July 31, 2024, for $1125700 cash. The land was appraised at $478280, the building at $640000, and the equipment at $77420. How much of the cost should be allocated to the land? 52125700 $28000 450280 5478280

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