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X Ltd. acquired a piece of land and a building for $155000. An appraisal value the land at $78000 and the building at $87000. After

image text in transcribed X Ltd. acquired a piece of land and a building for $155000. An appraisal value the land at $78000 and the building at $87000. After the purchase and the appraisal, the building was renovated at a cost of $11000. How much will the building be recorded at? Round your answer to the nearest dollar. Answer: 9688(92727) Hide question 1 feedback You need to multiply the total initial purchase cost x (building appraisal/total appraisal) then add the renovation cost

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