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​Land, a building and equipment are acquired for a lump sum of . The market values of the​ land, building and equipment are ​, and ​, respectively. What is the cost assigned to the​ equipment? (Do not round any intermediary​ calculations, and round your final answer to the nearest​ dollar.)

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Parrain

Answer: b. $250,000

Explanation:

The value assigned to the Equipment from the lump sum will be the proportionate value of the Equipment from the total market value.

Total Market Value = 300,000 + 600,000 + 300,000

= $1,200,000

Equipment = (300,000 / 1,200,000) * 1,000,000

= $250,000

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