On December 1, 2016, Xeon Company Bought Land and an Accompanying

question 44

Multiple Choice

On December 1, 2016, Xeon Company bought land and an accompanying warehouse from Yen Company for $800,000.The fair market values of the land and the building at the time of purchase were $700,000 and $300,000, respectively.How much of the purchase price should Xeon Company allocate to the land and how much should be allocated to the building?

• A) $457,143 and $342,857, respectively.
• B) $700,000 and $300,000, respectively.
• C) $560,000 and $240,000, respectively.
• D) $500,000 and $300,000, respectively

---

Definitions:

Binomial Theorem

The binomial theorem describes the algebraic expansion of powers of a binomial, showing how to expand expressions that involve addition or subtraction within a power.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols.

\(5a\)

An algebraic expression representing five times the variable "a".

\(4b\)

Mathematical notation representing four times the variable b.