Business, 27.02.2020 20:17 banks9244

Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $98,000. The appraised value of the land is $21,000, and the appraised value of the building is $102,000.Assuming that the building is to be used in Dorsey Co. business activity, what cost should be recorded for the land?

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Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bib...