Brielle Phan, Attorney at Law purchased an office building with the accompanying land for $1,200,000. The latest tax assessment records value this property as follows: Land at $420,668 and Building at $575,974.
How will Brielle allocate the cost of this property on the books of her law firm?
Round percents to two decimal places. For example, 0.453278 would be 45.33% when the percent is rounded to two decimal places. Round final answer to the nearest dollar.Cost allocated to Land: $
Cost allocated to Building: $
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