A company purchased property for a building site.The costs associated with the property were: What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
A)$175,800 to Land; $18,800 to Building
B)$190,000 to Land; $3,800 to Building
C)$190,800 to Land; $1,000 to Building
D)$192,800 to Land; $0 to Building
E)$193,800 to Land; $0 to Building

Question

A company purchased property for a building site.The costs associated with the property were:  What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
A)$175,800 to Land; $18,800 to Building 
B)$190,000 to Land; $3,800 to Building 
C)$190,800 to Land; $1,000 to Building 
D)$192,800 to Land; $0 to Building 
E)$193,800 to Land; $0 to Building

Quizplus · Accepted Answer

The Answer of A company purchased property for a building site.The costs associated with the property were:  What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
A)$175,800 to Land; $18,800 to Building 
B)$190,000 to Land; $3,800 to Building 
C)$190,800 to Land; $1,000 to Building 
D)$192,800 to Land; $0 to Building 
E)$193,800 to Land; $0 to Building

A Company Purchased Property for a Building Site