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3a,b A) $423,800. B) $425,600. C) $449,800. D) $451,600. 17) A company acquired an office building on three acres of land for a lump-sum price

3a,b
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A) $423,800. B) $425,600. C) $449,800. D) $451,600. 17) A company acquired an office building on three acres of land for a lump-sum price of 52,800,000. The building was completely equipped. According to independent appraisals, the fair values werc 51,260,000,51,260,000, and 51,680,000 for the building. land, and equipment, respectively. At what amount would the company record the buiding? a) 51,200,000 B) 51,280,000 C) $840,000. D) None of these answer choices are correct

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