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Chen Company purchased a building and land for $560,000 in total. Individually, the land appraised...

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Accounting

Chen Company purchased a building and land for $560,000 in total. Individually, the land appraised for $174,000 and the building appraised for $406,000 . How much of the purchase price should be allocated to the cost of the land? Question content area bottom Part 1 A.$ 121,800 B.$ 560,000 C.$ 168,000 D.$ 174,000

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