Land and a building were purchased for $90,000. A reliable market value of the land is $40,000 and for the building, $80,000. What are the separate costs assigned to the land and building?

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The Answer of Land and a building were purchased for $90,000. A reliable market value of the land is $40,000 and for the building, $80,000. What are the separate costs assigned to the land and building?

Land and a Building Were Purchased for $90,000