1. PepsiCo Food Company acquired an office building on three acres of land for a lump-sum price of $1,600,000. The building was completely equipped. According to independent appraisals, the fair values were $752,500, $467,500, and $655,000 for the building, land, and equipment, respectively. At what amount would the PepsiCo record the building, land, and equipment?

Building

Land

Equipment