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A company acquired an office building on three acres of land for a lump-sum price of $3,200,000. The building was completely equipped. According to independent

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A company acquired an office building on three acres of land for a lump-sum price of $3,200,000. The building was completely equipped. According to independent appraisals, the fair values were $1,740,000,$1,740,000, and $2,320,000 for the building, land, and equipment, respectively. At what amount would the company record the building? Multiple Choice 5960,000. $1,680,000. $1760.000 None of these answer choices are correct

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