Bob's Bakery made a basket purchase involving four assets.Their market values were A: $45,000;B: $37,500;C: $41,000;and D: $53,000.The price Bob's paid for the four assets was $145,000.To the nearest dollar,what final price will be recorded for asset D?
A)$30,807
B)$33,683
C)$36,969
D)$43,541

Question

Quizplus · Accepted Answer

The price for asset D is calculated by finding the proportion of its market value to the total market value of all assets and then applying that proportion to the total purchase price. The total market value is $176,500. The proportion for asset D is $53,000 / $176,500. Applying this to the purchase price of $145,000 gives $43,541.

Bob's Bakery Made a Basket Purchase Involving Four Assets