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Bonita Industries purchased the assets of Carla Vista Co. at an auction for $5740000. An independent appraisal of the fair value of the assets is

Bonita Industries purchased the assets of Carla Vista Co. at an auction for $5740000. An independent appraisal of the fair value of the assets is listed below:

Land $1840000
Building 2930000
Equipment 2270000
Trucks 3270000

Assuming that specific identification costs are impracticable and that Bonita allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Building?

$2930000

$1631251

$5155000

$2270000

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