1. A company paid $326,000 for property that included land, land improvements, and a building. The land was appraised at $175,000, the land improvements were appraised at $70,000, and the building was appraised at $105,000. What is the allocation of property costs to the three assets purchased?

Item:	Appraisal	%	Purchase Price	Allocation
Building	105,000
Land	175,000
Land Improvements	70,000
	350,000