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Simpson and Homer Corporation acquired an office building on three acres of land for a lump sum price of $3,350,000. The building was completely furnished.

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Simpson and Homer Corporation acquired an office building on three acres of land for a lump sum price of $3,350,000. The building was completely furnished. According to independent appraisals, the fair values were $2,560,000, $3,200,000, and $640,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be: a. b. C. d. Building Land Fixtures $2,560,000 $3,200,000 $640,000 $1,340,000 $1,675,000 $335,000 $1,675,000 $1,340,000 $335,000 None of these answer choices are correct. Multiple Choice Option A O Options Optionc

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