Multiple Choice Question 97 Smilty Corporation purchased the assets of Blossom Company at an auction for $5620000. An independent appraisal of the fair value of the assets is listed below: Land $1670000 Building 2810000 Equipment 2300000 Trucks 3080000 Assuming that specific identification costs are impracticable and that Swifty allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the trucks? $1710435 52810000 $1560494 53043000