Olivia Taylor Co. built three houses for a total cost of $192,000. Appraisal values for the three completed houses were: white house, $48,000, blue house $72,000, and green house $120,000. Using the basket purchase allocation, the recorded value of the green house should be:
A. $120,000.
B. $96,000.
C. $80,000.
D. $64,000.
Answer: B
Business
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