History Bookmarks Window Help canvashighlineedu D Question 2

History Bookmarks Window Help canvas.highline.edu D Question 27 2 pts Fruitasia purchased land, a building, and equipment for $800,000. The estimated fair values of the land, building, and equipment are $400,000, $750,000, and $350,000, respectively. At what amount would the company record the building? O 187000 O 190000 O 400000 Question 28 2 pts Goodwill is:

Solution

ANSWER = C) $400000

The company record the Building for  

$800,000 x [$750,000/($400,000 + $750,000 + $350,000)] = $400,000