SIDE 12 Bonita Industries purchased the assets of Carla Vista Co. at an auction for 55740000. An independent appraisal of the fair value of the assets is listed below Land Building Equipment Trucks 2930000 2270000 $1840000 3270000 Assuming that specific identification costs are impracticable and that Bonita allocates the purch price on the basis of the relative fair values, what amount would he allocated to the Building? A $1631251 a $5155000 C $2270000 D. $2930000 5740000 3933001 7000 13. Equipment that cost $650000 and has accumulated depreciation of $310000 is exchanged for equipment with a fair value of $480000 and $120000 cash is received. The exchange lacked commercial substance. The gain to be recognized from the exchange is A $170000 $30000 $200000 $52000 Concord Corporation purchased a depreciable asset for $175700. The estimated salvage values $14200, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? $16150 $175700 $17570 5161500 175 700 14200 161500 aughn Manufacturing has equipment with a carrying amount of $2490000, The expected fu et cash flows from the equipment are $2530000, and its fair value is $2040000. The equipm pected to be used in operations in the future. What amount (if any) should Vaughn report pairment to its equipment? 0000 0000 000. 020, Vaughn Manufacturing reports beginning of the year total assets of $890000, end total assets of $1200000, net sales of $1090000, and net income of $204000. hn's 2020 asset turnover is mes mes mes nes 1090000x (890000 +13 1090002090,00