Use the following information to answer questions 15 and 16. On January 2, 2019, Jordan Jones purchased a going business for the lump- sum price of $1,750,000. The fair market values of the assets Jordan purchased were as follows: Sales Vehicles (8): $80,000 Office Equipment $120,000 Machinery $400,000 Building $800,000 Land $200,000 What is Jordan's basis in the office equipment? a. $80,000. o O b. $120,000. C. $150,000. O d. $400,000. e. $1,750,000. QUESTION 16 What is Jordan's basis in Goodwill? a. $80,000 b. $120,000 C. $150,000 d. $400,000 e. $1,750,000