Q 128

Big River Rafting pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $105,000, a building appraised at $210,000, and equipment appraised at $35,000. Compute the cost that should be allocated to the building. A) $93,000. B) $186,000. C) $32,500. D) $195,000. E) $97,500.

Multiple Choice