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Land and a warehouse were acquired for $850,000. What amounts should be recorded in the accounting records for the land and for the warehouse if

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Land and a warehouse were acquired for $850,000. What amounts should be recorded in the accounting records for the land and for the warehouse if an appraisal showed the estimated values to be $580,000 for the land and $840,000 for the warehouse? (Round intermediate percentage calculations to 1 decimal place.) Multiple Choice $346,800 for landt $608.200 for warehouse $580,000 for land, $340,000 for warehouse $10,000 for tonu: $840,000 for warehouse O $580,000 for lond, 5050,000 for warehouse

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