On January 1, 2021, The Keg purchased land, building, equipment, and tools for a total...
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Accounting
On January 1, 2021, The Keg purchased land, building, equipment, and tools for a total of $2,520,000. An appraisal determined the values of the assets purchased as:
Land - 700,000
Building - 1,120,000
Equipment - 210,000
Tools - 70,000
Required:
What is the total cost allocated to the Equipment?
a. 84,000
b. 2,100,000
c. 210,000
d. 252,000
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