(Solved): Harding Corporation acquired neal estate that contained land, building and equipment. The prope ...

Harding Corporation acquired neal estate that contained land, building and equipment. The property cost Harding $$\$2,660,000$$. Harding paid $$\$805,000$$ and issued a note payable for the remainder of the cost. An appraisal of the property reported the following values: Land, $$\$851,000;$$ Building, $$\$2,530,000$$ and Equipment, $$\$1,679,000$$. What value will be reported for the building on the balance sheet? Multiple Choice $$\$1,330,000$$ $$\$402,500$$ $$\$2,530,000$$ $$\$130.000$$