Question - On April 1, Mooney Corporation purchased for $1,710,000 a tract of land on which was located a warehouse and office building. The following data were collected concerning the property:
Current Assessed Valuation Vendor's Original Cost
Land $600,000 $560,000
Warehouse 400,000 360,000
Office building 800,000 680,000
$1,800,000 $1,600,000
What are the appropriate amounts that Mooney should record for the land, warehouse, and office building, respectively?
A) Land, $600,000; warehouse, $400,000; office building, $800,000.
B) Land, $598,500; warehouse, $384,750; office building, $363,375.
C) Land, $560,000; warehouse, $360,000; office building, $680,000.
D) Land, $570,000; warehouse, $380,000; office building, $760,000.