Alpha Co paid $180,000 to purchase a piece of land on which to build a new building.Additional costs incurred were: What dollar amount of the above costs should be allocated to Land and what amount should be allocated to the new Building?

Question

Alpha Co paid $180,000 to purchase a piece of land on which to build a new building.Additional costs incurred were:  What dollar amount of the above costs should be allocated to Land and what amount should be allocated to the new Building?

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The Answer of Alpha Co paid $180,000 to purchase a piece of land on which to build a new building.Additional costs incurred were:  What dollar amount of the above costs should be allocated to Land and what amount should be allocated to the new Building?

Alpha Co Paid $180,000 to Purchase a Piece of Land