Reference no: EM132835152
Question - Datch Inc. purchased a tract of land for $765,000, which included a warehouse and office building. The following data were collected concerning the property:
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Current Assessed Valuation
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Vendor's Original Cost
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Land
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$300,000
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$250,000
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Warehouse
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200,000
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150,000
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Office building
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400,000
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300,000
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$900,000
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$700,000
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What are the appropriate amounts that Datch should record for the land, warehouse, and office building, respectively?
A. land, $255,000; warehouse, $170,000; office building, $340,000.
B. land, $250,000; warehouse, $150,000; office building, $300,000.
C. land, $273,214; warehouse, $163,929; office building, $327,857.
D. land, $300,000; warehouse, $200,000; office building, $400,000.