Question

How would ShipNow divide a $ 75 comma 000 ​lump-sum purchase price for​ land, building, and equipment with estimated market values of $ 29 comma 610​, $ 64 comma 260​, and $ 11 comma 130​, ​respectively? ​(Round interim calculations to the nearest tenth of a​ percent, X.X%, and your final answers to the nearest whole​ dollar.)

Answer 1

Answer:

Land              21,150

Building        45,900

Equipment      7,950

      Cash                     75,000

Explanation:

We add up the market values then, we compare the value of each item agsinst the total value of the combo.

We apply this value to the purchase price to know how much is allocated on each concepts.

$\left[\begin{array}{cccc}Item&Value&Weight&Allocated\\ Land&29610&0.282&21150\\ Building&64260&0.612&45900\\ Equipment&11130&0.106&7950\\\\ Total&105000&1&75000\\\end{array}\right]$