When plant assets are purchased as a group in a single transaction for a lump-sum price, the cost of the purchase is allocated among the different types of assets acquired based on their relative market values.
true or false

Statement is true

Explanation:

Sometimes several fixed assets are purchased together for a lump sum price. Single amount is paid for different classes of assets. In this case, these assets are recorded differently under fixed asset section in the balance sheet. Each asset is allocated cost based on their fair market value or market price.

This situation arises when a particular land is purchased along with adjacent structures. Single amount is paid for this transaction.

there is no possible way mgk stands a chance with the greatest white rapper of all time. eminem killshots had more bars than rap devil and the reason mgk is doing all this is cause he not getting attention anymore til the release of rap devil and the disses he is putting on eminem. now rap devil was more fire than killshot so mgk might won the battle with rap devil but eminem won the war with killshot.