Question: Correctly match the elements that should be considered before calculating the cost-to-retail percentage with the correct treatment in applying the retail method.In a lump-sum purchase

Correctly match the elements that should be considered before calculating the cost-to-retail percentage with the correct treatment in applying the retail method.In a lump-sum purchase of assets, the total acquisition cost is allocated to the individual assets by multiplying the lump-sum purchase price times Multiple choice question.

the relative fair value percentages of each asset.

the residual value percentages of each asset.

the relative book value percentages of each asset.

the estimated percentages allocated to each asset

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