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When recording the transaction barbarino should debit

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Question 1: Barbarino Corporation purchased land and a building for $1,000,000. An appraisal indicates that the land's market value is $600,000 and the building's market value is $900,000. When recording this transaction Barbarino should debit: (Do not round any intermediary calculations, and round your final answer to the nearest dollar.)

Option A) Land for $600,000.

Option B) Land for $400,000.

Option C) Building for $900,000.

Option D) Building for $1,000,000.

Reference no: EM132490896

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