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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump sum price of $10,000,000. According to independent appraisals, the fair values

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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump sum price of $10,000,000. According to independent appraisals, the fair values were $5,000,000 $1,250,000. $2,500,000, and $3,750,000 for the building, patent, land, and equipment respectively. The initial value of the patent would be: Multiple Choice $1250,000 $1,500,000 $1.000.000 $0

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