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K Millburn Corporation has acquired a property that included both land and a building for $600,000. The corporation hired an appraiser who has determined that
K Millburn Corporation has acquired a property that included both land and a building for $600,000. The corporation hired an appraiser who has determined that the market value of the land is $360,000 and that of the building is $490,000. At what amount should the corporation record the cost of land? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A. $252,000 OB. $300,000 C. $426,000 OD. $151,200
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