Mona Purchased a Business from Judah for $1,000,000 What Is Mona's Adjusted Basis for the Land, Building, and and an Appraiser

Multiple Choice

Mona purchased a business from Judah for $1,000,000. Judah's records and an appraiser provided her with the following information regarding the assets purchased: $\begin{array}{lrr}&\text { Adjusted Basis } & \text { FMV }\\\text { Land } & \$ 195,000 & \$ 270,000 \\\text { Building } & 310,000 & 450,000 \\\text { Equipment } & 95,000 & 180,000\end{array}$ What is Mona's adjusted basis for the land, building, and equipment?

A) Land $270,000, building $450,000, equipment $180,000.
B) Land $195,000, building $575,000, equipment $230,000.
C) Land $195,000, building $310,000, equipment $95,000.
D) Land $270,000, building $521,429, equipment $208,571.