Lu Is Interested in Purchasing the Assets of Idaho Potato

Multiple Choice

Lu is interested in purchasing the assets of Idaho Potato Chip Company.Idaho's assets are: ​
All of the following statements are correct except:

A) If Lu pays $225,000 for the assets, Lu's basis in the tangible assets will be $200,000.
B) If Lu buys the stock of Idaho for $225,000, the basis in the assets will be $118,400.
C) If Lu pays $225,000 for the assets, Lu will have a basis in the building of $129,000.
D) If Lu buys the stock of Idaho for $225,000, he will recognize goodwill of $25,000.