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What value will be recorded for the building

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Question - Byrd Corporation acquired real estate that contained land, building and equipment. The property cost Byrd $940,000. Byrd paid $193,000 and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $117,500; Building, $694,000 and Equipment, $305,500.

What value will be recorded for the building? (Round your answer to nearest whole number.)

152,029

584,029

472,029

694,000

Reference no: EM132061507

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