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Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised at $92,000, the land at $60,000, and

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Tonto Company purchased property for $125,000. The property included a building, equipment and land. The building was appraised at $92,000, the land at $60,000, and the equipment at $33,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.) Multiple Choice $92,000 $125,000 $0 $62.125

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