Guac Company paid $$358,000$ for a purchase that included land, a bullding, and equipment. An appraiser estimated the market value of the land to be $$84,000,$ the building to be $$308,000,$ and the equlpment to be $$24,000.$ Based on this information recording the basket purchase in the accounting records would cause

Multiple Choice

total assets and total equity to decrease.

no effect on total assets or total equity

total assets and total equity to increase.

total assets to increase and total equity to decrease.