Carver incorporated purchased o buliding and the land on which the buiding is situsted for a tous cont of 5993600 chin, The tand Was appraised at $217,102 and the buliting at $925,538. Required: a: What is the accounting term foc this type of acquisition? b. Determine the amount of the purchave cost to alsocise to the land and the amount to allocite to the building c. Would the company recognize a gain on the purchose? d. Record the putchase in a horizontai statements model. Complete this question by entering vour answers in the tabs below. Determine the amount of the purchase cost to alpocate to the land and the amouns to allocate to the buism: Carver incorporated purchased a building and the land on which the building is situated for a total cost of $993,600 cash, The land was appraised at $2,17,102 and the bullding at $925,538. Required: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cost to allocate to the land and the amount to allocate to the bulling 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. What is the accounting term for this type of acquisition? Was appraised at $217,102 and the bulding at $925,539 Required: a. What is the accounting term for this type of acquisition? b. Determine the amount of the purchase cott to allocate to the land and the amount to allocate to the busding c. Would the compary recognize o gain on the purchase? d. Record the purchase in a hortzontal statements model Complete this question by entering your answers in the tabs below. Record the purchase in a honzontal itatements model. cells nequire inpuit. Carver incorporated purchased a buliding and the land on which the bailding is situated for a total cost of $993 c.60 cash, The land was appraised ot $217,102 and the building at $925,538 Required: a. What is the accounting term for this type-ot acquisition? b. Determine the amount of the purchase cost to alfocate 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. Would the compary recognize a gain on the purchase