TB MC Qu$.7-66($Static$)$ A company acquired an office...

A company acquired an office building, land, and equipment in a single basket purchase. The fair values were $$1,200,000,$$$600,000,$ and $$200,000$ for the building, land, and equipment, respectively. The company recorded the building for $$1,080,000.$ What was the total purchase cost for all three assets?

$23$:$36$

Multiple Choice $$

$$1,800,000$

$$1,500,000$

$$1,600,000$

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