The Augusta Health Company Purchased Land, Buildings and Equipment for $2,400,000

question 164

Multiple Choice

The Augusta Health Company purchased land, buildings and equipment for $2,400,000. The land has been appraised at $915,000, the buildings at $1,125,000 and the equipment at $510,000. The equipment account will be debited for:

• A)$541,875.
• B)$500,000.
• C)$480,000.
• D)$410,156.