calculate the cost that should be allocated to each asset purchased

Sunland Farms purchased real estate for $1,180,000, which included $6,400 in legal fees. It paid $245,000 cash and incurred a mortgage payable for the balance. The real estate included land that was appraised at $478,800, a building appraised at $731,500, and fences and other land improvements appraised at $119,700. The building has an estimated useful life of 60 years and a $46,000 residual value. Land improvements have an estimated 15-year useful life and no residual value.