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LUCILLLE PLUS On April 1, Swifty Corporation purchased for $1566000 a tract of land on which a warehouse and office building was located. The following
LUCILLLE PLUS On April 1, Swifty Corporation purchased for $1566000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Land Warehouse Office building Current Assessed Valuation $560000 390000 850000 $1800000 Vendor's Original Cost $510000 360000 684000 $1554000 What are the appropriate amounts that Swifty should record for the land, warehouse, and office building, respectively? Land, $516375; warehouse, $364500; office building, $692550. Land, $487200; warehouse, $339300; office building, $739500. Land, $560000; warehouse, $390000; office building, $850000. Land, $510000; warehouse, $360000; office building, $684000
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