Question 20 View Policies Current Attempt in Progress AFM Holdings Co, purchased 15 acres of land with an office building and warehouse on it for $2.000.000. The assets were appraised at:land $1.000.000, building $600.000, and warehouse $900.000. The assets were carried on the seller's books at:land $800.000, building $500.000, and warehouse $700,000. At what cost should the purchasing company record each of the assets? Land Building Warehouse $1,000,000 $600,000 $900,000 $800,000 $480.000 $720,000 $800,000 $500,000 $700,000 $1,000,000 $500,000 $500,000