Lumac Corporation purchased land and a building for $1,500,000. An appraisal indicates that the land's value is $650,000 and the building's value is $975,000. The amount that would be debited to the building account is:

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The Answer of Lumac Corporation purchased land and a building for $1,500,000. An appraisal indicates that the land's value is $650,000 and the building's value is $975,000. The amount that would be debited to the building account is:

Lumac Corporation Purchased Land and a Building for $1,500,000