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K On July 1, 2020, ABC, Inc. acquired a piece of land with an office building for $540,000. The following information was available on the

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K On July 1, 2020, ABC, Inc. acquired a piece of land with an office building for $540,000. The following information was available on the day of the transaction: Fair Market Value (Appraised Value) Original Cost on Seller's Books Ground $324055 $ 194433 Edifice 303471 212429.7 $627526 406862.7 On July 1, 2020, the land must be registered by to. to. $ 324055.00 b. $ 278856.49 C. $ 270,000 d. $ 261143.51

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