Lenny Corporation purchased for P690,000 a tract of land on which a warehouse and office building were located. The following data were collected concerning the property:   Current Assessed Vendor's   Valuation Original Cost Land P280,000 P180,000 Warehouse  320,000  315,000 Office Building  200,000  129,000   P800,000 P624,000   Determine the appropriate amount that Lenny should charge to land. a. P280,000 b. P199,000 c. P241,500 d. P690,000

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