38)

Riverboat Adventures pays $390,000 plus $14,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $77,900, a building appraised at $131,200, and paddleboats appraised at $200,900. Compute the cost that should be allocated to the building.

rev: 11_14_2016_QC_CS-69905

$124,800

$193,568

129,280

$66,912

$131,200