Carver incorporated purchased building and the land on which the bulding issued for a total cost of $817,500 cash The land was aporated at $225,630 and the building at $14,495 Dequired what is the accounting term for this type of acqusition b. Determine the amount of the purchase cost to alocate to the land and the amount to alocate to the building Would the company recognize a gare on the purchase d. Record the purchase in a horizontal statements made Complete this question by entering your answers in the tabs below. Required Required Required Cere what is the accounting term for this type of acousti Required> Complete this question by entering your answers in the tabs below. Required A Required 8 Required C Required D Would the company recognize a gain on the purchase? Would the company recognize age on the purchase? Complete this question by entering your ass in the CARVER INCORPORATED Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the building. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Land Building Total Allocated Cost