The costs assigned to the individual assets acquired in a basket purchase are based on their relative:
A)historical costs.
B)market values.
C)book values.
D)depreciable costs.

Name: The costs assigned to the individual assets acquired in a basket purchase are based on their relative: A)historical costs. B)market values. C)book values. D)depreciable costs.
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Question

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When a "basket purchase" occurs,the total cost is split among the assets in proportion to the market value of the assets as a whole.

The Costs Assigned to the Individual Assets Acquired in a Basket