Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $8,050,000. The building included used but functional equipment. According to independent appraisals, the fair values were $3,060,000, $3,060,000, and $4,080,000 for the building, land, and equipment, respectively. The initial values of the building, land, and equipment would be:

Multiple Choice

• Option A
• Option C
• Option D
• Option B