B. Are measured at fair value in the balance sheet. C. Are liabilities associated with the restoration of a long-term asset. All of these answer choices are correct. 19. If a company incurs disposition obligations as a result of acquiring an asset: A. The company recognizes the obligation at fair value when the asset is acquired. B. The company recognizes the obligation at fair value when the asset is disposed. C. The acquired. D. None of these answer choices are correct. company records the difference between the fair value of the asset and the obligation when th 20. Simpson and Homer Corpration acquired c $2,400,000. The building was completely furnished. According to independent appraisals, the fair $1,300,000, $780,000, and $520,000 for the building, land, and furniture and fixtures, respectively values of the building, land, and furniture and fixtures would be Fixtures $520,000 $480,000 $480,000 Land $780,000 $720,000 $1,200,000 Building $1,300,000 $1,200,000 $720,000 a. C. None of these answer The balance sheets of Davidson Corporation reported net fixed assets of $320,000 at the end of 2016. The 1. fixed-asset turnover ratio for 2016 was 4.0, and sales for the year totaled $1,480,000. Net fixed assets at the end of 2015 were: A. $470,000 B. $370,000 C. $420,000 D. None of these answer choices are correct