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Chico Company paid $620,000 for a basket purchase that included office furniture, a building and...

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Accounting

Chico Company paid $620,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Office furniture, $170,000; Building, $520,000, and Land, $140,000. Based on this information, what is the cost that should be allocated to the office furniture? (Round your intermediate percentages to two decimal places: i.e. 0.1589 = 16%.) Multiple Choice O $126,976 $170,000 $227,581 $104,578
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Chico Company paid $620,000 for a basket purchase that includod office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately. Office furniture, $170,000; Bulding, $520,000, and Land, $140,000. Based on this information, what is the cost that should be ollocated to the office furniture? (Round your intermediate percentages to two decimal places: i.e. 0.1589= 16\%.) Multiple Choice $126,976 $170,000 $227581 5104,576

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