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A company purchased property for $100,000. The property included a building, a parking lot, and...

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Accounting

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A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $62,000; the land at $35,000, and the parking lot at $18,000. Land should be recorded in the accounting records with an allocated cost of: $0. $30,435 $35,000 $46,087 $100,000

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