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:

	Building				Land				Fixtures
a.	$	2,560,000			$	3,200,000			$	640,000
b.	$	1,340,000			$	1,675,000			$	335,000
c.	$	1,675,000			$	1,340,000			$	335,000
d.	None of these answer choices are correct.

Multiple Choice

Option A

Option B

Option D

Option C