Jack Johnson Ford Dealership sells new and used cars to customers. As such, Ford offers him a discounted price if Jack purchases more than one truck at a time. As such, for the month of January's delivary, Jack Johnson bought the following cars from the Ford Motor Company for $100,0oo. Jack noted the actual market value of the cars without a discount if he would of purchased individually Fair Market Value % of Total Fair Value F-150 F-250 Ranger Explorer Bronco 30,000 40,000 25,000 20,000 10,000 125,000o Total 100% Inventory Value on B/S F-150 F-250 Ranger Explorer Bronco = 100,000 X 24% (Total price x % of Total Fair Value) = 100,000 x 3296 (Total price x % of Total Fair Value) = 100,000 x 20% (Total price x % of Total Fair Value) = 100,000 x 16% (Total price x % of Total Fair Value) 100,00o x 896 (Total price x 96 of Total Fair Value) - Total Jack Johnson Ford Dealership sells new and used cars to customers. As such, Ford offers him a discounted price if Jack purchases more than one truck at a time. As such, for the month of January's delivary, Jack Johnson bought the following cars from the Ford Motor Company for $100,0oo. Jack noted the actual market value of the cars without a discount if he would of purchased individually Fair Market Value % of Total Fair Value F-150 F-250 Ranger Explorer Bronco 30,000 40,000 25,000 20,000 10,000 125,000o Total 100% Inventory Value on B/S F-150 F-250 Ranger Explorer Bronco = 100,000 X 24% (Total price x % of Total Fair Value) = 100,000 x 3296 (Total price x % of Total Fair Value) = 100,000 x 20% (Total price x % of Total Fair Value) = 100,000 x 16% (Total price x % of Total Fair Value) 100,00o x 896 (Total price x 96 of Total Fair Value) - Total