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Mathematics, 08.11.2019 06:31 zitterkoph
Acompany 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?
a. land $80,250; land improvements, $32,100; building, $48,150.
b land $75,000; land improvements, $30,800; building, $46,200.
c land $75,000; land improvements, $30,000; building, $45,000.
d land $82,750; land improvements, $33,100; building, $49,650.
e land $77,500; land improvements, $31,000; building, $46,500.
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Acompany paid $150,000, plus a 7% commission and $5,000 in closing costs for a property. the propert...
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