Chico Company paid $650,000 for a basket purchase that included office furniture, a building and...
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Accounting
Chico Company paid $650,000 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- $185,000; Building- $550,000, Land -$155,000. Based on this information the amount of cost that would be allocated to the office furniture is closest to (Round your intermediate percentages to four decimal places: ie .054231-5.42% O $185,000. $135,135 O $158,333. $52,500
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