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Sunny_sXe [5.5K]
3 years ago
15

Radner Shipping purchased a truck and a trailer for $90,000. An appraisal has set the fair market values of the truck and the tr

ailer at $60,000 and $40,000, respectively. At what amount should Radner record the truck?
a. $60,000
b. $54,000
c. $36,000
d. $0
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

Truck $54,000

Explanation:

Basket purchase price of assets is always pro rated in ratio of their fair values

=90,000*(60,000/100,000

=54,000

Truck=$54,000

Trailer=90,000-54,000=$36,000

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