Keno Corporation purchased a factory property for $1,000,000 Cash The property includes Land, with a Fair Market Value of >>>>>>>>>>>>>>>>>$180,000 Building, with a Fair Market Value of >>>>>>>>>>>>>>>$920,000 Equipment, with a Fair Market Value of >>>>>>>>>>>>>$150,000 TOTAL. Fair Market Value of Asset Purchased >>>>>>51,250,000 What amount will Keno record for Equipment? a. $125,000 b. 5120,000 c. $100,000 d. $150,000