Joshua Company Made a Basket Purchase Involving Four Assets

question 109

Essay

Joshua Company made a basket purchase involving four assets. Their market values were A: $45,000;
B: $37,500; C: $41,000; and D: $53,000. The price Joshua paid for the four assets was $160,000. What percentage of the $160,000 price would be allocated to asset C to the nearest one-tenth of a percent? What is the dollar amount recorded to the asset C?

---

Definitions:

Creative Innovation

The process of introducing novel and original ideas or methods that result in significant improvements or advancements.

Knowledge Management

The systematic process of creating, sharing, using, and managing the knowledge and information of an organization.

Electronic Storage

The process of storing data and information digitally on electronic systems or devices such as hard drives, SSDs, or cloud storage.

Retrieval

The process of getting information or objects back from somewhere, especially from memory.