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Question 16 (1 point) On April 1, Renfro Corporation purchased for $765,000 a tract of land on which was located a warehouse and office building.

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Question 16 (1 point) On April 1, Renfro Corporation purchased for $765,000 a tract of land on which was located a warehouse and office building. The following data were collected concerning the property: Land Warehouse Office building Current Assessed Valuation $300,000 200,000 400,000 $900,000 Vendor's Original Cost $250,000 150,000 300,000 $700,000 What are the appropriate amounts that Renfro should record for the land, warehouse, and office building, respectively? Land, $255,000; warehouse, $170,000; office building, $340,000. Land, $273,214; warehouse, $163,929; office building, $327,857. Land, $250,000; warehouse, $150,000; office building, $300,000. Land, $300,000; warehouse, $200,000; office building, $400,000

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