Question

Riverboat Adventures pays $310,000 plus $15,000 in closing costs to buy out a competitor. The real estate consists of land appraised at $35,000, a building appraised at $105,000, and paddleboats appraised at $210,000. Compute the cost that should be allocated to the land.
A.$93,000.
B.$140,000.
C.$32,500.
D.$31,000.
E.$97,500.

Answer

This answer is hidden. It contains 124 characters.