A company purchased property for $ 300,000. The property included an acre of land valued at $ 50,000, a building valued at $ 150,000, and equipment valued at $ 125,000. The land will be recorded at a cost of
A) $ 45,000.
B) $ 48,234.
C) $ 46,154.
D) $ 50,000.

Question

Quizplus · Accepted Answer

The Answer of A company purchased property for $ 300,000. The property included an acre of land valued at $ 50,000, a building valued at $ 150,000, and equipment valued at $ 125,000. The land will be recorded at a cost of
A) $ 45,000.
B) $ 48,234.
C) $ 46,154.
D) $ 50,000.

A Company Purchased Property for $ 300,000