Use the Following Information to Answer Questions 97 & 98

question 98

Multiple Choice

Use the following information to answer questions 97 & 98.
Jamison Company purchased the assets of Booker Company at an auction for $4,200,000. An independent appraisal of the fair value of the assets is listed below:
Land .........$1,425,000
Building .....2,100,000
Equipment ...1,575,000
Trucks ..........2,550,000
-Assuming that specific identification costs are impracticable and that Jamison allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Building?

• A) $1,589,190
• B) $2,100,000
• C) $3,825,000
• D) $1,152,941

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