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16 of 40 < View Policies < -/2.5 E Current Attempt in Progress Marigold Corp. purchased the assets of Cullumber Company at an auction for
16 of 40 < View Policies < -/2.5 E Current Attempt in Progress Marigold Corp. purchased the assets of Cullumber Company at an auction for $5765000. An independent appraisal of the fair value of the assets is listed below: Land $1885000 Building 2870000 Equipment 2140000 Trucks 3390000 Assuming that specific identification costs are impracticable and that Marigold allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks? $2870000 $1900180 O $3390000 $3446500
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