Acme, Inc. bought land and a factory building for $80,000. The land was appraised at $25,000 and the building at $75,000. Acme would record the land at Blank______ and the building at Blank______.
Multiple choice question.
$100,000; $100,000
$25,000; $55,000
$80,000; $80,000
$20,000; $60,000
$5,000; $75,000
$25,000; $75,000