Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $$1,900,000.$ Harding paid $$350,000$ and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $$374,000$; Building, $$1,100,000$ and Equipment, $$726,000.$

What value will be recorded for the building?

Multiple Choice

$$175,000$

$$950,000$

$$1,100,000$

$$800,000$