Homework Answers
Total apprised values of Land + Building + Equipment = $10,000 + $20,000 + $30,000 = $60,000
1. Value allocated to Land = $45,000 * $10,000 / $60,000 = $7,500
2. Value allocated to Building = $45,000 * $20,000 / $60,000 = $15,000
3. Value allocated to Equipment = $45,000 * $30,000 / $60,000 = $22,500
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