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Current Attempt in Progress Bridgeport Carpets Inc. made a lump-sum purchase of several assets for a total price of $127,700. The assets purchased are as
Current Attempt in Progress Bridgeport Carpets Inc. made a lump-sum purchase of several assets for a total price of $127,700. The assets purchased are as follows: Book Value Fair Value Building $59,300 $73,100 Land 39,800 45,200 Machinery 23,100 18,400 $122,200 $136,700 At what amount should each of the three assets be recorded? (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 58,971.) Asset Cost Building $ Land $ Machinery $
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