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On April 1, Sheffield Corp. purchased for $1530000 a tract of land on which a warehouse and office building was located. The following data

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On April 1, Sheffield Corp. purchased for $1530000 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 Warehouse $590000 400000 Office building 810000 $1800000 $540000 370000 674000 $1584000 What are the appropriate amounts that Sheffield should record for the land, warehouse, and office building, respectively? Land, $590000; warehouse, $400000; office building, $810000. Land, $546750; warehouse, $374625; office building, $682425. Land, $501500; warehouse, $340000; office building, $688500. O Land, $540000; warehouse, $370000; office building, $674000.

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