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On April 1, Oriole Company purchased for $1548000 a tract of land on which a warehouse and office building was located. The following data were
On April 1, Oriole Company purchased for $1548000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Current Assessed Valuation Vendor's Original Cost Land $610000 $560000 Warehouse 390000 360000 Office building 800000 684000 $1800000 $1604000 What are the appropriate amounts that Oriole should record for the land, warehouse, and office building, respectively? Land, $524600; warehouse, $335400; office building, $688000. Land, $567000; warehouse, $364500; office building, $692550. Land, $560000; warehouse, $360000; office building, $684000. Land, $610000; warehouse, $390000; office building, $800000
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