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Chique Company purchased a building and land for $580,000 in total. Individually, the land appraised for $62,000 and the building appraised for $558,000. How
Chique Company purchased a building and land for $580,000 in total. Individually, the land appraised for $62,000 and the building appraised for $558,000. How much of the purchase price should be allocated to the cost of the land? OA. $62,000 OB. $55,800 OC. $58,000 OD. $580,000
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