Bingo Corporation has acquired a property that included both land and a building for $500,000

The corporation hired an appraiser who has determined that the market value of the land is $360,000 and that of the building is $420,000. At what amount should the corporation record the cost of the building? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $226,800
B) $270,000
C) $250,000
D) $320,000

B .Building percentage of total value = 420,000 / (360,000 + 420,000 ) = 0.54
Cost of building = Lump-sum purchase price / Building percentage of total value =
$500,000 x 0.54 = $270,000