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Calculate the portion of the cost allocable to the land

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Question - ?A company purchases land and a building on the land. The land is appraised at $50,000, and the building at $250,000. If the cost of the property is $264,000 in total, then calculate the portion of the cost allocable to the land?

a. $46,000.

b.?$52,000.

? c. $44,000.

?d. $58,000.

Reference no: EM132700689

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