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Pitney Co. purchased an office building, land, and furniture for $694,500 cash. The appraised value of the assets was as follows: Land Building Furniture $101,119
Pitney Co. purchased an office building, land, and furniture for $694,500 cash. The appraised value of the assets was as follows: Land Building Furniture $101,119 210,017 466,704 Total $777,840 Required a. Compute the amount to be recorded on the books for each asset. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Allocated Cost Land Building Furniture Total
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