Land and a building were purchased for $240,000. A reliable market value of the land is $75,000 and for the building, $225,000. What are the respective separate costs assigned to the land and building?
A) $75,000 and $225,000
B) $75,000 and $165,000
C) $60,000 and $180,000
D) $80,000 and $160,000
Correct Answer:
Verified
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