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Question 23 (0.125 points) A company paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. The property included land appraised
Question 23 (0.125 points) 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? Land $75,000; Land Improvements. $30.000 Building, $45.000. Land $75,000: Land Improvements, $30.800: Building, $46,200. Land $82,750. Land Improvements. $33.100: Building. $49,650. Land $80,250: Land Improvements. $32.100: Building, $48.150. Land $77,500: Land Improvements: $31.000: Building: $46,500
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