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Copper Company purchased a building and land for $440,000 in total. Individually, the land appraised for $216,000 and the building appraised for $264,000. How much

Copper Company purchased a building and land for $440,000 in total. Individually, the land appraised for $216,000 and the building appraised for $264,000. How much of the purchase price should be allocated to the cost of the land? A. $198,000 B. $440,000 C. $216,000 D. $118,800

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