Perry Corporation Acquired Land, Buildings, and Equipment from a Bankrupt $$\begin{array} { l r } \text { Land } & \$ 320,000 \\\text { Buildings } & 256,000 \\\text { Equipment } & 64,000\end{array}$$

Perry Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $550,000. At the time of acquisition Perry paid $20,000 to have the assets appraised. The appraisal disclosed the following values: $$\begin{array} { l r } \text { Land } & \$ 320,000 \\\text { Buildings } & 256,000 \\\text { Equipment } & 64,000\end{array}$$ What cost should be assigned to the land, buildings, and equipment, respectively?

A) $320,000, $256,000, and $64,000.
B) $275,000, $220,000, and $55,000.
C) $285,000, $228,000, and $57,000.
D) $190,000, $190,000, and $190,000.

Correct Answer:

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