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Laramie Co. paid $1,300,000 for a purchase that included land, building, and office furniture. An...

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Accounting

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Laramie Co. paid $1,300,000 for a purchase that included land, building, and office furniture. An appralser provided the following estimates of the market values of the assets If they had been purchased separately: Land, $266,000, Building, $784,000, and Office Furniture, $350,000. Based on this information the cost that would be allocated to the land is: O $196,460 O $24700o O $266,000 O $303,32:7

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