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Land and a building on the land are purchased for $84,000. The appraised values of the land and building are $15,000 and $75,000, respectively. The

Land and a building on the land are purchased for $84,000. The appraised values of the land and building are $15,000 and $75,000, respectively. The cost allocated to the building should be

Group of answer choices

A. $14,000

B. $61,000

C. $75,000

D. $70,000

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