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For the following two questions, assume a house and a lot of land were purchased for $300,000 in a lump-sum purchase. The house was appraised

For the following two questions, assume a house and a lot of land were purchased for $300,000 in a lump-sum purchase. The house was appraised at $241,800 and the land was appraised at $68,200. At what cost should the house be recorded using the relative sales value method? A. $234,000 B. $68,200 C. $241,800 D. $66,000 At what cost should the land be recorded using the relative sales value method? OA. $234,000 B. $300,000 C. $68,200

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