Land, a building and equipment are acquired for a lump sum of $6, 000, 000. The market values of the land, building and equipment are $400, 000, $800, 000 and $300, 000, respectively. What is the cost assigned to the equipment? (Do not round any intermediary calculations, and round your final answer to the nearest dollar.) Select one: $2, 000, 000 $1, 200, 000 $300, 000 $500, 000