Question 16 1 pts A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records? O Land $75,000; Land Improvements, $30,800; Building, $46,200. O Land $75,000: Land Improvements, $30,000; Building, $45,000. Land $80,250; Land Improvements, $32,100: Building, $48,150. 0 Land $77.500: Land Improvements: $31,000; Building: $46,500. 00 Land $82,750; Land Improvements, $33.100: Building. $49,650. Question 17 1 pts A company's old machine that cost $40,000 and had accumulated depreciation of $22.000 was traded in n umine hindan antimated life analen The