SEASH, Inc. acquired an office building, land, and equipment in a single basket purchase. The fair values were $2,400,000, $1,200,000, and $400,000 for the building, land, and equipment, respectively....



SEASH, Inc. acquired an office building, land, and equipment in a single basket purchase. The fair values were $2,400,000, $1,200,000, and $400,000 for the building, land, and equipment, respectively. The company recorded the building for $2,160,000.


What was the total purchase cost for all three assets?







Select one:


a. $3,400,000

b. $3,600,000

c. $3,200,000

d. $3,800,000

e. $4,000,000




Jun 10, 2022
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