Exercise 6-5 Allocating costs on the basis of relative market values LO 6-2 Carolina Company purchased a building and the land on which the building is situated for a total cost of $988,800 cash. The land was appraised at $284,280 and the building at $852,840 Required a. What is the accounting term for this type of acquisition? O Building purchase O Bulk purchase O Bundle purchase O Equipment purchase O Lot acquisition the amount of the purchase cost to allocate to the land and the amount to allocate to the building, (Round intermediate calculations to 2 decimal places and final answers to the nearest b