15) Anchor Company purchased a manufacturing machine with a list price of $90,000 and received a 2% cash discount on the purchase. The machine was delivered under terms FOB shipping point, and freight costs amounted to $3,200. Anchor paid $4,500 to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $5,800 for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:

A $95,900 B. $91,400 C. $101,700 D. $88,200

5) Chico Company paid $750,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately: Office furniture - $200,000; Building - $450,000, Land - $350,000. Based on this information, and rounding allocations to two decimal places, the amount of cost that would be allocated to the office furniture is closest to: A. $550,000. B. $200,000. C. $750,000. D. $150,000.