5 Chico Company paid $520,000 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, $120,000, Building. $420,000, and Land, $90,000. Based on this information, what is the cost that should be allocated to the office furniture? (Round your intermediate percentages to four decimal places: ie .054231 - 5.42%.) Ants 00:44:12 Multiple Choice $120,000 $99,060 $173,333 Pirmu 5 of 25 Me