Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000. The building was completely furnished. According to independent appraisals, the fair values were $1,300,000 $780,000, and $520,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: b. C. d. Building Land Fixture $1,300,000 $ 780,000 $520,000 $1,200,000 $ 220,000 $480,000 $ 220,000 $1,200,000 $480,000 None of these anawer choices are correct. Multiple Choice