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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,900,000. According to independent appraisals, the fair values were

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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,900,000. According to independent appraisals, the fair values were $3,675,000, $1,225,000, $3,675,000, and $3,675,000 for the building, patent, tand, and equipment, respectively. The initial value of the patent would be: Multiple Choice $1.225,000 $1,475,000 $990,000 $0

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