What is meant by a "basket purchase," and what method is normally used to determine the cost of individual assets?

Name: What is meant by a "basket purchase," and what method is normally used to determine the cost of individual assets?
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The Answer is A basket purchase is the acquisition of several assets in a single transaction at a single price.The cost of the individual assets is normally determined by the relative fair value method,using the appraised values of the various assets.

What Is Meant by a "Basket Purchase," and What Method