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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
- 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 |
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|
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| Land | 175,000 |
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|
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| Land Improvements | 70,000 |
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|
|
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| 350,000 |
|
|
|
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Auditing Markets Products And Marketing
Authors: David Parmerlee
1st Edition
0658001337, 978-0658001338
