1 Complete this question by entering your answers in the tabs below.Required 1A Required 18 Required 2 Required 3Allocate the lump-sum purchase price to the separate assets purchased.Total cost ofAcquisitionAllocation of totalcostBuildingLandLand improvementsVehiclesTotalEstimatedMarket Value$ 451,200253,800$37,600197,400940,000Percent of Total48 %27 %%75 %x$ 830,000$830,000$ 830,000x $ 830,000xxRequired 1AApportionedCostS398,400S 398,400Required 1B >

When assets are purchased in bundle without assigning any specific value to any asset then the…

Complete this question by entering your answers in the tabs below. Required 1A Required 18 Allocate the lump-sum purchase price to the separate assets purchased. Estimated Market Value Total cost of Acquisition $ 451,200 $ 830,000 253,800 $ 830,000 Allocation of total cost Building Land Land improvements Vehicles Total Required 2 Required 3 S 37,600 197,400 940,000 Percent of Total 27 % 75 % X < Required 1A $ 830,000 $ 830,000 Apportioned Cost S 398,400 S 398,400 Required 1B >

Complete this question by entering your answers in the tabs below. Required 1A Required 18 Allocate the lump-sum purchase price to the separate assets purchased. Estimated Market Value Total cost of Acquisition $ 451,200 $ 830,000 253,800 $ 830,000 Allocation of total cost Building Land Land improvements Vehicles Total Required 2 Required 3 S 37,600 197,400 940,000 Percent of Total 27 % 75 % X < Required 1A $ 830,000 $ 830,000 Apportioned Cost S 398,400 S 398,400 Required 1B >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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