The ________ method is used to allocate the cost of assets acquired in a lump-sum purchase.
A) book-value
B) cost
C) per capita
D) relative-sales-value

Question

Quizplus · Accepted Answer

The relative-sales-value method is used to allocate the cost of assets acquired in a lump-sum purchase. This method allocates the total cost based on the proportional sales values of the individual assets.

The ________ Method Is Used to Allocate the Cost of Assets