On April $1,$ Waterway Industries purchased for $$1656000$ a tract of land on which a warehouse and office building was located. The following data were collected concerning the property:Current Assessed ValuationVendor's Original CostLand$$590000$$$540000$Warehouse$400000370000$Office building$810000674000$$$1800000$$$1584000$What are the appropriate amounts that Waterway should record for the land, warehouse, and office building, respectively? Land, $$542800$; warehouse, $$368000$; office building. $$745200.$ Land, $$540000$; warehouse, $$370000$; office building. $$674000.$ Land, $$590000$; warehouse, $$400000$; office building, $$810000.$ Land, $$546750$; warehouse, $$374625$; office building. $$682425.$

Answer rating: 100% (QA)

The appropriate amounts that Waterway should record for the land warehouse ... View the full answer