Simpson and Homer Corporation acquired an office bullding on three acres of land for a...

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Accounting

Simpson and Homer Corporation acquired an office bullding on three acres of land for a lump-sum price of $2,550,000.
The bullding was completely furnished. According to Independent appraIsals, the falr values were $1,280,000,
$1,600,000, and $320,000 for the bulIding, land, and furniture and fixtures, respectively. The initial values of the
bullding, land, and furniture and fixtures would be:
d. None of these answer choices are correct.
Multiple Choice
Option A
Option B
Option C
Option D
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