SportsWorld 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) $150,000 to Land; $18,800 to Building.
B) $190,000 to Land; $3,800 to Building.
C) $190,800 to Land; $3,000 to Building.
D) $192,800 to Land; $1,000 to Building.
E) $193,800 to Land; $0 to Building.
Correct Answer:
Verified
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