QUESTION 11 Riverboat Adventures pays $325,000 to buy out a competitor's...

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Accounting

QUESTION 11
Riverboat Adventures pays $325,000 to buy out a competitor's plant assets. The real estate consists of land appraised at $35,000, a building appralsed at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the building.
A) $97,500.
B) $105,000.
C) $89,178
D) $140,000.
E) $93,000.
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