Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,650,000. The building was completely furnished. According to independent appraisals, the fair values were $360,000, $1,800,000, and $1,440,000 for the building, land, and furniture and fixtures, respectively. The initial values of the building, land, and furniture and fixtures would be:

	Building				Land				Fixtures
a.	$	360,000			$	1,800,000			$	1,440,000
b.	$	265,000			$	1,325,000			$	1,060,000
c.	$	1,325,000			$	265,000			$	1,060,000
d.	None of these answer choices are correct.

Multiple Choice

Option A

Option D

Option B

Option C