Riverboat Adventures pays $390,000 plus $11,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $64,500, a building appraised at $137,600, and paddleboats appraised at $227,900. Compute the cost that should be allocated to the building.
A. $128,320.
B. $124,800.
C. $137,600.
D. $64,672.
E. $201,248.
Answer: A
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Answer the following statements true (T) or false (F)
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