Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,330,000. Harding paid $315,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $333,000; Building, $990,000 and Equipment, $657,000.What value will be recorded for the building?
A. 665,000
B. 340,000
C. 990,000
D. 157,500
Answer: A
Business
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