Current Attempt in Progress DEF Incorporated purchased land and a buliding for $650,000cash. The land was appraised at $420,000 and the building was appraised at $280,000. How much will the land be recorded for on DEF's books? \begin{tabular}{|r|} \hline$650,000 \\ $260,000 \\ $390,000 \\ $420,000 \\ \hline \end{tabular}