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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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