Martha Stewart, Inc. paid $950,000 for a basket purchase that included office furniture, a building...
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Martha Stewart, Inc. paid $950,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the appraised values of the assets if they had been purchased separately: Office furniture. $190.000: Building $740.000 and Land $32,000. Based on this Information, what is the cost that should be allocated to the land? (Round allocation percentage to two decimal places) Save Edit SU Multiple Choice $11000 5 Saved Help Save & E , Inc. paid $950,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the es of the assets if they had been purchased separately: Office furniture, $190,000; Building, $740,000; and Land, $132,000. Based on this hat is the cost that should be allocated to the Land? (Round allocation percentage to two decimal places.) e Choice $171.000 $132000 $316,667 $114,000
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