A) A company purchased new equipment for $65,000. The company paid cash for the equipment. Other costs associated with the equipment were: transportation costs, $1,250; sales tax paid $4,000; and installation cost, $3,000. The cost recorded for the equipment was:

B) Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,900,000. The building included used but functional equipment. According to independent appraisals, the fair values were $6,800,000, $2,720,000, and $4,080,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:

	Building				Land				Equipment
a.	$	6,800,000			$	2,720,000			$	4,080,000
b.	$	6,800,000			$	2,720,000			$	680,000
c.	$	4,450,000			$	1,780,000			$	2,670,000
d.	None of these answer choices are correct.