Ronaldo's Roofing Company made a basket purchase of three items. Item X was appraised at $25,000; item Y was appraised at $56,000 and item Z was appraised at $69,000. The purchase price was $125,000. The amount at which item Z should be recorded (rounded to the nearest dollar) is: (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A) $82,800.
B) $69,000.
C) $57,500.
D) $20,833.
C) $57,500.
Explanation: (Z appraised value/total appraised value of X, Y, Z) × purchase price;
ex: $69,000 / ($25,000 + $56,000 + $69,000) × $125,000 = $57,500
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