A company acquired land, buildings and equipment from a bankrupt company at a lump sum price of $180,000. At the time of acquisition the company paid $12,000 to have the assets appraised. The appraisal disclosed the following values.

Land.........$120,000

Buildings..$. 80,000

Equipment $40,000

What cost should be assigned to the land, buildings and equipment respectively?

A) $96,000, $64,000 and $32,000

B) $120,000, $80,000 and $40,000

C) $90,000, $60,000 and $30,000

D) $$64,000, $64,000 and $64,000