multiple choice

4. Azmi, Inc. purchased land, building, and equipment from Buthainah Corporation for a cash payment of $1,440,000. The estimated fair values of the assets are land $240,000, building $880,000, and equipment $320,000. At what amount should land be recorded for? A. B. $ 60,000 $ 210,000 $ 240,000 $ 480,000 C. D. 5. Azmi, Inc. purchased land, building, and equipment from Buthainah Corporation for a cash payment of $1,800,000. The estimated fair values of the assets are land $240,000, building $880,000, and equipment $320,000. At what amount should land be recorded for? A. B. $240,000 $300,000 $400,000 $600,000 C. D