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Land and a warehouse were acquired for $860,000. 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 $860,000. 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 $440,000 for the land and $700,000 for the warehouse? (Round intermediate percentage calculations to 1 decimal place.) Multiple Choice $160,000 for land, 5700,000 for warehouse $331960 for and $528040 for watchoute $410,000 for Land $860.000 for warehouno 3440.000 for land 5700,000 for warehouse 8

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