a company acquired an office building, land, and equipment in a single basket purchase. the fair values were $1,740,000, $1,740,000, and $2,320,000 for the building, land, and equipment, respectively. the company recorded the building for $1,530,000. what was the total purchase cost for all three assets?

Purchase Cost is the overall price paid for the good(s) or service(s), including any applicable taxes, shipping charges, other fees, and contingencies. Cost is typically the outlay made for producing a good or providing a service that is offered by a business. The cost of a product or service is determined by the customer's willingness to pay. The price of a product as well as the profit made from its sale are directly impacted by the cost of manufacturing it.

Cost per unit, also known as the cost of goods sold or the cost of sales, is the amount of money spent by a business to produce each unit of the product that it sells. On their financial statements, businesses include this sum.

Building as a percentage of total fair value is equal to $1,740000 / ($1,740000 + $1,740000 + $2,320,000).

Building to total fair value ratio equals $1,740,000 / $26,68,000

Building as a percentage of total fair value is 0.65

Building as a percentage of total fair value is 65%.

Building valued at $1530000

All three assets' combined purchase price came to $1530000 /65%.

$1470000 / 0.65 is the total purchase price of all three assets.

$2261538.46 is the total purchase price of the three assets.

To learn more about purchase cost refer to:

https://brainly.com/question/25899244

#SPJ4