TB MC Qu. 08-95 A company purchased property... A company purchased property for $100.000. The property included a building, a parking lot, and land. The building was appraised at $56,000; the land at $49,800, and the parking lot at $19,200. Land should be recorded in the accounting records with an allocated cost of: Multiple Choice $0 $49,800 $39,840 $100,000 $45,840