Ryan Corporation made a basket purchase of three items. Item A was appraised at $35,000; item B was appraised at $55,000; and item C was appraised at $60,000. The purchase price was $125,000. The amount at which item A should be recorded (rounded to the nearest dollar) is __________.

Question

Quizplus · Accepted Answer

The Answer of Ryan Corporation made a basket purchase of three items. Item A was appraised at $35,000; item B was appraised at $55,000; and item C was appraised at $60,000. The purchase price was $125,000. The amount at which item A should be recorded (rounded to the nearest dollar) is __________.

Ryan Corporation Made a Basket Purchase of Three Items