Answer :
$185,000 should be allocated to the cost of the land and $21.700 to the Building.
An allocation is a system of shifting overhead prices to value gadgets, the use of a rational foundation of allotment. Allocations are maximum usually used to assign fees to provide goods, which then seem within the monetary statements of a business in either the value of goods sold or the stock asset. An allocation is an amount of cash that is given to a particular person or used for a specific purpose. Allocation (oil and gasoline) in hydrocarbon accounting to assign the right quantities of aggregated petroleum and gas flows again to contributing sources. Allocation vote casting in vote casting. Vicinity-allocation, used in geographic data systems (GIS) The allocation of scarce resources in operations research.
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