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Chico Company paid $950,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimatos of the market

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Chico Company paid $950,000 for a basket purchase that included office furniture, a building and land. An appraiser provided the following estimatos of the market values of the assets if they had been purchased separately: Office Furniture $190,000; Building $740.000, Land $132,000. Based on this Information, the amount of cost that would be allocated to the office furniture is closest to: (Round your Intermediate percentages to 2 decimal places: te 0.054231 - 5.42%) Multiple Choice 5316,667 $105.000 $190,000 5171.000

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