Riverboat Adventures pays 340000 plus 6000 in closing costs

Riverboat Adventures pays $340,000 plus $6,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $36,000, a building appraised at $151,200, and paddleboats appraised at $172,800. Compute the cost that should be allocated to the building

$142,800.

$145,320.

$151,200.

$217,896.

$78,624.

Solution

Working: