Ananias Company purchased the assets of Saphira Company at an auction for $5,600,000. An independent...
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Accounting
Ananias Company purchased the assets of Saphira Company at an auction for $5,600,000. An independent appraisal of the fair value of the assets is listed below:
Land $1,900,000
Building 2,800,000
Equipment 2,100,000
Trucks 3,400,000
Assuming that specific identification costs are impracticable and that Ananias allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Building?
Group of answer choices
$2,118,920
$5,100,000
$2,800,000
$1,537,255
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