Chico Company paid $500,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimates of the market values of the assets if they had been purchased separately. Office furniture, $110,000; Building. $400,000, and Land, $80,000. Based on this information, what is the cost that should be allocated to the office furniture? (Round your intermediate percentages to four decimal places: le 054231 = 5.42%.) Multiple Choice O $52,500 $93,200 $110,000 $158.333