Carver incorporated purchased a bullding and the land on which the bullding is situated for a total cost of $948,700 cash. The land was appralsed at $240,021 and the bullding at $850,984. Required Q. What is the accounting term for this type of acquisition? b. Detemine the amount of the purchase cost to allocate to the land and the amount to allocate to the bullding. c. Would the company recognize a gain on the purchase? d. Record the purchase in a horizontal statements model. Complete this question by entering your answers in the tabs below. Required 8 What is the accounting term for this type of acquisicion? What th the sebouning term for this type of goduffilon