What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building? 18) A) $185,000 to Land: $21.700 to Building. B) $200,700 to Land: $6,000 to Building. C) $200,000 to Land: $6,700 to Building. D) $187.700 to Land: $19,000 to Building E) $206,700 to Land: So to Building 18) Merchant Company purchased property for a building site. The costs associated with the property were: Purchase price Real estate commissions S 185,000 15,000 Legal fees Expenses of clearing the land Expenses to remove old building 700 2,000 4,000 What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building? 18) A) S185,000 to Land: $21,700 to Building B) $200,700 to Land: $6,000 to Building. C) $200,000 to Land: $6,700 to Building. D) $187.700 to Land: $19,000 to Building. E) $206,700 to Land: SO to Building. 191 A company nurchased a weaving machine for $190,000. The machine has a useful life of 8 years and a