Use the Following Information to Answer Questions

Use the following information to answer questions
On February 1, 2010, Consolidated Department Stores purchased the assets of Jackson Department Store for $750,000. Following are the book and fair market values of those assets at the time of acquisition:

-Consolidated should recognize the cost of the building as

A) $175,000
B) $187,500
C) $237,500
D) $281,250
E) $300,000